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10mar22

DXY - 10Mar2022DXY - 10Mar2022 On the daily, DXY faced bearish pressure from the upper trendline resistance and dropped to previous Support at 98.00. Current price action is above daily 61.8% Fib resistance so we could expect price to bounce to 78.6% at 100.02 near future. On the H4, price action is still indicating complex correction of wave count of (5)-(IV) taking place. With daily Stochastic at resistance, price could pullback to gap fill + 20EMA at 97.28. This is for personal record purposes only, not financial advise or solicitation of trade.
TVC:DXY
by TTMFS