DXY has reacted off major resistance, potentail for further drop
DXY has reacted off major resistance at 91.03 (38.2% Fibonacci retracement, 61.8% Fiboancci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to support at 89.57 (Fibonacci retracement, fibonacci extension, horizontal overlap support).
Our next resistance level is at 91.82 (38.2% fibonacci retracement, 50% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance).
Stochastic (34,5,3) is seeingmajor resistance at 97% where a corresponding reaction could occur.
Our next resistance level is at 91.82 (38.2% fibonacci retracement, 50% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance).
Stochastic (34,5,3) is seeingmajor resistance at 97% where a corresponding reaction could occur.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.