DXY key positioning for the next months
DXY has been rejected from the upper long-term triangle resistance and is breaking below 92.50 which is a downside short-term wedge resistance. A confirmed break below this level would lead to a swing lower to 91. A break above 93 is now required for the upside reversal and a long-term triangle break. Since there is a space in the long-term triangle for a consolidation we could see this swing down to 89.5-91 zone.
Note: you can enter the short trade entry with the stop loss above 93 and go short the USD against other pairs, in the case of a stop out reverse to long
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