Trade of the day DXY

DXY bounce from the retest

 

DXY is bouncing off the strong support confluence and a retest of a medium-term wedge 91.5-92. A break below 91.5 could lead to a reversal into 90 which is now possibly invalidated. We are going to see a retest of the previously briefly broken upside resistance 93.40.

Note: look for the long trade entries with the stop loss below 91.5

DXY price action technical analysis

 

 

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