DXY is testing its support, potential for a bounce!

DXY is testing its support at 89.52 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap support) where we could see a bounce causing it to rise to its 1st resistance at 90.19 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance). If it breaks past this level, it could rise to its 2nd resistance at 90.44 (100% Fibonacci extension, swing high resistance). We have also identified another support at 88.93 (100% Fibonacci extension, horizontal pullback support).

Stochastic (55, 5, 3) is approaching its support 0.614% where a corresponding bounce could occur.