As we can see on Friday, DXY test a long term bullish channel as a resistance. So if we cannot see a daily close above 97.90, we can expect a bearish long term trend for DXY. If the index came back to the up-trend channel, the idea will be canceled.
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After today's news, the DXY index was rejected form uptrend channel strongley as resistance.
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Monthly candle has close as strong engulfing. Because of that my view is that we will see DXY going down during following weeks/months maybe.
Let me know your comments or thinking about this.
Let me know your comments or thinking about this.