Analysts said the DXY will go for 91.60 region and it certainly did as it also surpased that price.
Candlesticks have pushed through the long term white resistance line of the falling wedge is is now inside my green resistance box and looks like it can possible move sideways from here.
On the RSI, it has touched overbought levels while its prices hits the green box but the 4 hour candle shows buying pressure might be weakening.
We would have to monitor closely for the next move.
I am open for feedback, suggestions and advice. Thanks!
Candlesticks have pushed through the long term white resistance line of the falling wedge is is now inside my green resistance box and looks like it can possible move sideways from here.
On the RSI, it has touched overbought levels while its prices hits the green box but the 4 hour candle shows buying pressure might be weakening.
We would have to monitor closely for the next move.
I am open for feedback, suggestions and advice. Thanks!