Tecnhical buy analysis based off DXY fundamentals
With DXY struggling to make further upwards movement with clear buyer resistance I sentiment a continuation of this reversal.
1.38200 is a clear key support that we see pivot continuation that held strong from the significant gap. Our key resistance to break is the current 1.38500. A close out above will shoot to retest 1.39300. Our MACD/SIGNAL lines will have crossed and breached through the zero line at this level. we will most likely see a couple hour pull back for a retest of our top resistance of 1.40000.
DXY is failing to breach key resistance at the current high. Pay close attention to DXY playout while following GU pair trend.
Please comment with thoughts and ideas. Thank you.
1.38200 is a clear key support that we see pivot continuation that held strong from the significant gap. Our key resistance to break is the current 1.38500. A close out above will shoot to retest 1.39300. Our MACD/SIGNAL lines will have crossed and breached through the zero line at this level. we will most likely see a couple hour pull back for a retest of our top resistance of 1.40000.
DXY is failing to breach key resistance at the current high. Pay close attention to DXY playout while following GU pair trend.
Please comment with thoughts and ideas. Thank you.