In this video update, we take a look at the DXY to see how the USD is shaping up for the week ahead.
Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily
chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here
on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone.
Our idea will be invalidated if price breaks the resistance and closes above $97.70.
Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily
chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here
on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone.
Our idea will be invalidated if price breaks the resistance and closes above $97.70.