DXY rejected from the wedge top

DXY reversal?

 

DXY reached almost 98 and reversed. Reversal is coming off the wedge top and a strong upside resistance 98 and is testing now 96 short-term support for the upside continuation. A break below 96 will lead to a pullback lower to a wedge and channel support 95.  This lower channel support is crucial for a complete downside reversal.

Note: look to short the USD upon a break below 96

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

 

DXY downside reversal

 

 

 

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