DXY: Nearly At Trendline Resistance
This massive DXY pump might finally be coming to a short term end before an incoming correction - this sits at approx. 116.83. A shorter term rejection back to $107 is expected here where we could see a likely bounce with further downside to the lower side of the ascending macro channel at 103 region. This will be make or break for the DXY whether it gets back to its upwards trajectory or sinks back to normality and sub 107 where it has spent the vast majority of its life.
This massive DXY pump might finally be coming to a short term end before an incoming correction - this sits at approx. 116.83. A shorter term rejection back to $107 is expected here where we could see a likely bounce with further downside to the lower side of the ascending macro channel at 103 region. This will be make or break for the DXY whether it gets back to its upwards trajectory or sinks back to normality and sub 107 where it has spent the vast majority of its life.
