So, DXY continues its position under the 768 fib line AND the 200 and 100 EMA - PA managed to get above the 50 but will that last
Somrthing to possibly note is that, as I have shown previously, DXY does not like Fib circles and 99% of the time, it will be rejected by them, as you can see on 3 previous occasions on this chart alone.
And PA is approaching another around the beginning of April, which leave March for DXY to build up some strength to try and break through - But it has resistance just above.
But, again, as mentioned previously, the FED ( the DXY Support group) has mentioned that it will continue to raise interest rates, the earns the banks Money and so the $ becomes more valuable...usually.
DXY is worth watching close, it has retraced back tot he 0.5 fib retrace, as it has done previously before a push higher.
be ready to react, could go either way
Somrthing to possibly note is that, as I have shown previously, DXY does not like Fib circles and 99% of the time, it will be rejected by them, as you can see on 3 previous occasions on this chart alone.
And PA is approaching another around the beginning of April, which leave March for DXY to build up some strength to try and break through - But it has resistance just above.
But, again, as mentioned previously, the FED ( the DXY Support group) has mentioned that it will continue to raise interest rates, the earns the banks Money and so the $ becomes more valuable...usually.
DXY is worth watching close, it has retraced back tot he 0.5 fib retrace, as it has done previously before a push higher.
be ready to react, could go either way