US Dollar IndexLong
DXY- Up we broke, 100 is in cards
If you follow my ideas, you know that I'm bullish USD for quite some time, and the market didn't disappoint me so far.
Looking at DXY, we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed.
Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure.
The strategy for USD pairs should be to sell rallies for EurUsd, GbpUsd, AudUsd, and NzdUsd
Looking at DXY, we can see that after the drop from 2 weeks ago, USD has found strong bids exactly in the confluent support given by the trend line and the horizontal one, and a strong V shape recovery followed.
Now we also have an up break of the old resistance and consolidation and the index looks determined to reach 100 psychological figure.
The strategy for USD pairs should be to sell rallies for EurUsd, GbpUsd, AudUsd, and NzdUsd
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