DXY showing short term relief, hinting at a mid term correction
Taking a Quick Look at the 12H DXY, we can see that we are printing hidden bearish divergence, along with that we are making our way to a supply zone sitting at 105.3 , both of these factors being considered, we could see a rejection at the supply zone and a continuation to the demand zone at 104.4.
Overall, I’m expecting some upside for DXY followed by some perhaps violent downside movement, let’s see how the cards play out.
Overall, I’m expecting some upside for DXY followed by some perhaps violent downside movement, let’s see how the cards play out.
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