📊 DXY Hits Major Resistance Zone

٢١ سبتمبر ٢٠٢٣

The DXY hit its highest level since March 2023, entering a strong resistance zone.

The daily session is about to close on a strong bearish note.
We have a bearish pattern as well on the chart:

This is a drop that we have been expecting.
This rally has been going for 69 days now.

We have bearish divergence with the RSI since August.
A curve, rounding top, is starting to form on the MACD.

Going by past history, the next target can vary between 100 and 98.

Namaste.