DXY has reacted off major resistance, potentail for further drop

2 мар. 2018 г.

DXY has reacted off major resistance at 91.03 (38.2% Fibonacci retracement, 61.8% Fiboancci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this price to push price down to support at 89.57 (Fibonacci retracement, fibonacci extension, horizontal overlap support).
Our next resistance level is at 91.82 (38.2% fibonacci retracement, 50% fibonacci retracement, 100% fibonacci extension, horizontal pullback resistance).

Stochastic (34,5,3) is seeingmajor resistance at 97% where a corresponding reaction could occur.