DXY - Still In A Healthy Short-Term Downtrend?
Hi Traders, DXY has been in such a strong rally since June 2021, which faced an extreme optimism until now.
Mid of July was when the DXY started showing some weaknesses, then now its basically in a short-term downtrend.
As long as 106.80 - 107.30 still remain intact as a short-term resistance structure, I will expect further downside on the DXY.
However, if price at any point finds strength breaking above these two levels then it will invalidate this thesis.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Mid of July was when the DXY started showing some weaknesses, then now its basically in a short-term downtrend.
As long as 106.80 - 107.30 still remain intact as a short-term resistance structure, I will expect further downside on the DXY.
However, if price at any point finds strength breaking above these two levels then it will invalidate this thesis.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
