DXY: The following Story
On this one, I will leave the time to tell if my analysis and drawings are accurate or not. DXY is going to retest the resistance then go a little bit down, then will eventually break the upper non-horizontal resistance to test the 92-round number and very strong resistance. Will the DXY break it ? I have a huge doubt as I'm not positive on USD since the Biden Administration is using a bad monetary policy. Will J. Powell be able to stabilize it ? I doubt since the inflation is coming no matter what will happen. 92 so is our final upper level before the bearish movement where we will look for sell setups. Trade safe !
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