DXY - Playing with Hearts

Bryce YoungUncategorized



DXY made a clear rejection off its 93.8 Support and coinciding trendline. It broke 94.20 and is now testing the most important resistance level: 94.5. Notice the various ellipses in the second screenshot. We need to remain conscious of both trends. Personally I still see a strong bearish case. Also we are testing the 200 SMA, a famous crossover if price were to move past it. Keep your eyes peeled. I don’t have a very clear bias at this time, just a bearish “feeling”.