DXY testing strong resistance
DXY is currently testing the resistance around 91.10 zone which is also a 50% Fibonacci Retracement zone. A close below will take the price down through the broken trendline to 88.40 support area. A break above the resistance will drive the price action to the Yearly trendline which hasn't been tested for a while now and a possible reach to 92.00 price range which is also a 61.8% Fibonacci Retracement/Extension level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
כתב ויתור
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