Klimex

DXY Approaching support , Prepare For A bounce

Short
TVC:DXY   U.S. Dollar Index




DXY is approaching its support at 97.03 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement ) where it could bounce to its resistance at 97.69 (100% Fibonacci extension, horizontal swing low support).

Stochastic (34, 5, 3) is approaching its support at 5% where a corresponding bounce is expected.

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