DXY has been going up since May 2016
And is now on a bearish decline start the start of 2017. Price has not reached back 92.00 since it broke above it.
So tells me that there is demand around 92-95 Level
Right now price is respecting the downward trend line.
Its possible for price to hold at demand zones and shoot up or could keep getting attracted to the 92.00
But overall the DXY is in a bearish move in an overall uptrend
Align USD pairs with this analysis to get some trading opportunities.
If you look at the small supply zone and look left you will see that it was once demand, price broke through that. Thats another indication of strong move down.
And is now on a bearish decline start the start of 2017. Price has not reached back 92.00 since it broke above it.
So tells me that there is demand around 92-95 Level
Right now price is respecting the downward trend line.
Its possible for price to hold at demand zones and shoot up or could keep getting attracted to the 92.00
But overall the DXY is in a bearish move in an overall uptrend
Align USD pairs with this analysis to get some trading opportunities.
If you look at the small supply zone and look left you will see that it was once demand, price broke through that. Thats another indication of strong move down.