DXY is testing the falling wedge
DXY is testing the falling wedge resistance for a potential break above the 93 resistance. A close above 93 is required for the upside continuation and extension higher to 95.40. For a complete bearish downside reversal breakout and higher probability short trade entries, we need to see a confirmed break below 91.70. A break above the 95.40 falling trend line and a horizontal resistance will lead to an upside continuation. The overall long-term is an uptrend but we need to see a break above 95.40 for a complete upside reversal.
Note – We are inclined more to long trade entries upon a break above 93.20 with the stop loss below 91.70
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