DXY approaching support, potential rise!
DXY has broken out of major descending resistance. Price could potentially rally from our breakout level at 90.08 towards our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension).
RSI (89) is also approaching our major descending resistance line and a breakout of this level might provide bullish confirmation of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
RSI (89) is also approaching our major descending resistance line and a breakout of this level might provide bullish confirmation of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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