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DXY testing major support, potential bounce!

Oleh ICmarkets
Broker
DXY is testing major support area at 89.37 (Fibonacci extension, horizontal overlap support, fibonacci retracement) and a strong bounce could occur at this level to push price up to our next resistance at 89.93 (fibonacci retracement, horizontal overlap resistance). If it breaks this intermediate resistance, we could see price rise much further to major resistance at 90.43 (Fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is seeing strong support above 2.5% and a corresponding bounce could occur at this level.
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ICmarkets
Broker
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.
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