DXY is forming 6-day falling wedge (linking from 80.147 low
and 80.430 high) as shown on the 240minute chart. While the falling wedge
resistance caps the bounce, below 80.091 would weaken further towards 79.890
next. On the upside, we need to see a break above 80.430 which would confirm an
upside wedge breakout and extends bullish momentum towards 81.020.
SELL Alert
DXY (US Dollar Index)
Sell zone: 80.300-80.400
Stop zone: 80.400-80.500
Targets: 80.000, 79.880, 79.700
US DOLLAR INDEX ($DXY) 240 minute chart
US DOLLAR INDEX ($DXY) daily chart
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