DXY looks tired

2023年9月20日

I've been bullish DXY since the end of July after we had the confirmation that the break down was a false one and indicated the 105.50 zone as the potential target in the medium term.
The target was hit last week and now the index is consolidating and a correction could follow.
However, the trend remains up and a new spike above the recent high is possible.
Confirmation for a drop comes with a break under the rising wedge support in which case 104.50 could be bears' target.