DXY a series of higher lows
DXY is supported by the uptrend line 97 and is preparing to challenge 98 resistance. For the upside extension from here, we need to see a price action bounce and an extension above 98.500. For a downside reversal, we need to see a break below 96.50. The pair bounced off the strong long-term upside support 95-96 zone after almost 80% pullback from the 104. The overall trend is up.
Note – Look for the long trade entries upon a break above 98 with the stop loss below 96.500
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