Descrição
⋅ DXY looks to have broken through a smaller timeframe trendline, to which it will likely test this support zone.
If rejected, could bounce up and retest the resistance line up top, if it breaks through, could see some further downside.
DXY is bullish long term, I believe.
Comentário
⋅ DXY bounced off of the ascending bottom trendline support, but is getting squeezed now. Will wait to see what happens.
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⋅ Price is currently broken down underneath trendline and is retesting. Further descent is coming.
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⋅ Price bounced off bottom and went way up, through resistance. Could see more upside to USD