Mihai_Iacob

DXY- New leg up after correction?

CAPITALCOM:DXY   US Dollar Index
In my previous DXY analysis, I said that, after the false down break, DXY could reach 103.50 zone and also break above the falling trend line.
The target zone was reached and now, considering the importance of this resistance, a correction could follow.
However, in my opinion, the medium to long term trend for USD has changed back to bullish and this correction should be used for selling pairs like: EurUsd, GbpUsd, AudUsd and NzdUsd

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