DXY-Trendline and 93.00 resistance ahead
DXY
Due to the stimulus talks sluggishness has caused the DXY to reach the current bottom level and broad risk on mode helps the other major currency pairs against greenback but DXY has managed to re bounce from 92.477 And reached the upper side of the trend line and today DXY firmly broken the trend line too and 93.000 will act as major barrier for the bull. DXY is currently in consolidation phase we can expect strong bullish run in coming days
Due to the stimulus talks sluggishness has caused the DXY to reach the current bottom level and broad risk on mode helps the other major currency pairs against greenback but DXY has managed to re bounce from 92.477 And reached the upper side of the trend line and today DXY firmly broken the trend line too and 93.000 will act as major barrier for the bull. DXY is currently in consolidation phase we can expect strong bullish run in coming days
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