DXY testing major support, potential bounce!

26 במרץ 2018

DXY is testing major support area at 89.37 (Fibonacci extension, horizontal overlap support, fibonacci retracement) and a strong bounce could occur at this level to push price up to our next resistance at 89.93 (fibonacci retracement, horizontal overlap resistance). If it breaks this intermediate resistance, we could see price rise much further to major resistance at 90.43 (Fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is seeing strong support above 2.5% and a corresponding bounce could occur at this level.