DXY Maintains Bullish Momentum Before NFP
The DXY maintains bullish momentum after finding support at the pink channel support and the .382 retracement of the recent bullish impulse leg.
We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support.
I expect the Dollar index to continue upwards and retest the recent highs. Keep in mind, upcoming NFP can cause massive swings in either direction.
We also have a nice rejection candle, and multiple candle closes above the 97.7 level, signifying a false break of the 97.7 support.
I expect the Dollar index to continue upwards and retest the recent highs. Keep in mind, upcoming NFP can cause massive swings in either direction.
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