Since 10th November, DXY has become strongly bullish with the index breaking above VERY IMPORTANT 94.60 resistance.
If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break.
I expect USD to remain strong for the rest of the year and 94.60 is now strong support
Rallies in EurUsd, GbpUsd, AudUsd and NzdUsd should be sold
If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break.
I expect USD to remain strong for the rest of the year and 94.60 is now strong support
Rallies in EurUsd, GbpUsd, AudUsd and NzdUsd should be sold
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