DXY is reaching the resistance of the bearish (rising wedge) pattern. Also it is going to hit the previous ATH.
1. If those events occur it is highly likely that DXY will fall to the support line of the rising wedge. This will provide an opportunity for day trading (long) major XXXUSD pairs.
2. If the price breaks out the support downwards, there will be high odds for swing trades (long) of major XXXUSD pairs.
1. If those events occur it is highly likely that DXY will fall to the support line of the rising wedge. This will provide an opportunity for day trading (long) major XXXUSD pairs.
2. If the price breaks out the support downwards, there will be high odds for swing trades (long) of major XXXUSD pairs.