DXY testing strong resistance
DXY is currently testing the resistance around 91.10 zone which is also a 50% Fibonacci Retracement zone. A close below will take the price down through the broken trendline to 88.40 support area. A break above the resistance will drive the price action to the Yearly trendline which hasn't been tested for a while now and a possible reach to 92.00 price range which is also a 61.8% Fibonacci Retracement/Extension level.
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Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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