DXY has found Support around the 89.66 - 89.80 zone since mid December.
We appear to have entered a Resistance zone that I believe will thoroughly be tested this week and going into the first week of February 2021.
Bullish signals:
- Ascending Triangle, associated with a bias for an upside breakout.
- MACD is below the center line with steady movement to the upside.
- RSI is also showing a steady from below 30 in mid December.
We appear to have entered a Resistance zone that I believe will thoroughly be tested this week and going into the first week of February 2021.
Bullish signals:
- Ascending Triangle, associated with a bias for an upside breakout.
- MACD is below the center line with steady movement to the upside.
- RSI is also showing a steady from below 30 in mid December.
Comment:
USD is looking really strong this week.
- 5 MA still leading the 10 MA upward to 91.66 Resistance (weak imo).
- MACD still rising toward the center line.
- RSI is bullish above 50
- 5 MA still leading the 10 MA upward to 91.66 Resistance (weak imo).
- MACD still rising toward the center line.
- RSI is bullish above 50
Looking for a pull back towards the lower part of the resistance zone around 90.46.