DXY bounce to the falling trend lineÂ
DXY has bounced from the known 89-90 reaction zone and it is reaching the falling trend line resistance of 91.700. A break above 91.700 is required for the upside reversal and a test of 93.400. A rejection here will be a clear sign that downside continuation in the 5th wave to 87 is an option or a new range swing between 89 and 91.
Note: look for the short trade entries with the stop loss above 92 and you can apply a cautious short USD strategy across the market
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