DXY rejected both 95.5 and 95 based on our view of the daily chart, giving us a bearish bias going into next week.
Lately our bias for the dollar has been bearish, but the index is still fighting 95.5. Right now it’s making a double top, but if it breaks 96 I’ll be looking for bullish opportunities on UJ.
DXY made a new lower low on H4, finding support at 94.2. My overall bias is still bearish, just based on market structure and candlestick patterns.