Hi all traders.
For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength
However, we still have an important resistance that we need to break 93.90.
If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear.
If 93.90 is tested multiple times and yet still fail, we should see bears continuation.
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**Disclaimer: All trading ideas are of my own personal view**
Cheers and thank you everyone!
For dxy, it seems like it has broken above the major trend line on the daily which will also signal the strong possibility of usd strength
However, we still have an important resistance that we need to break 93.90.
If this level is broken, we should continue to see the strength of dxy towards the next blue trend line before any bears appear.
If 93.90 is tested multiple times and yet still fail, we should see bears continuation.
Follow me on tradingview
Like and share this post with your friends.
**Disclaimer: All trading ideas are of my own personal view**
Cheers and thank you everyone!