DXY wedge breakout imminent?

20 thg 1, 2023

The DXY currency index has formed a clear downward-sloping wedge pattern on the daily chart, indicating a potential breakout from a key support zone at 100 level. A successful bounce from this level could have a bearish impact on stock indices and cryptocurrencies. Specific target levels are identified in the event of an upward rally. Closure below the wedge would be bullish.