For the last 6 weeks, DXY has been held back by te 768 fib line and yet it kept trying, and so, now, we see PA approaching OverBought
The StochRSI is getting near OverSold, so we may see PA push towards some support as this climbs but PA is approaching another Fib circle in the next few weeks and historically, as shown in previous charts, DXY doe snot react well to them
A Further Drop is incoming for DXY at some point soon. The question really is when and how far. For me, I can see DXY gong to 98 - 99 before it really begins to recover
OR, will the incoming 25 point, maybe 50 point rises Boost the $ against a load of real world hurdles it is currently facing.
Only Time will tell
The StochRSI is getting near OverSold, so we may see PA push towards some support as this climbs but PA is approaching another Fib circle in the next few weeks and historically, as shown in previous charts, DXY doe snot react well to them
A Further Drop is incoming for DXY at some point soon. The question really is when and how far. For me, I can see DXY gong to 98 - 99 before it really begins to recover
OR, will the incoming 25 point, maybe 50 point rises Boost the $ against a load of real world hurdles it is currently facing.
Only Time will tell