US INDEX/DXY: IDEA

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Currently DXY is trading @ 92.138

In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement,
However the pair has fallen below this & is currently @ 61.8% retracement

DXY is currently trading near support @ 91.980
If it breaks below this support then we would expect it to fall to the next support @ 91.330
But if the pair continues to treat it as support & manages to break above the current downtrend line
We would expect it to go back to 93.4 & attempt to reach 94

Link to our previous analysis below

Penafian

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