DXY Daily - Eyes 100 handle as long as 97.80 holds

11 thg 3, 2022

DXY has been trading in nice uptrend since beginning of June - Bouncing a number of times off its upward sloping support. Last week Friday saw the massive break through lateral resistance at 97.80 & successfully re-tested and held on Wednesday = bullish. As long as 97.80 holds, the next area of resistance is around the 100 handle. However, through 97.80 brings in the upwards sloping support at 96.30, and we then have the combined lateral support and 200day SMA around 94.50.