Goose96

Short-term DXY view

Long
TVC:DXY   U.S. Dollar Index
The DXY spiked aggressively on Friday after the stronger than expected US non-farm payroll print which allowed the index to break above the 200-day MA resistance rate of 103.55. The 220-day MA will now switch to a support level and a move higher towards the red trend line and the 61.8% Fibo retracement level of 104.79 looks like the next move before the RSI indicator enters the overbought zone.

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