Since November, DXY has become strongly bullish with the index breaking above VERY IMPORTANT resistance.
If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break.
I expect USD to remain strong for the rest of the year and is now strong support
Rallies in EurUsd , GbpUsd , AudUsd and NzdUsd should be sold
If we look at a longer daily chart we can easily see that at this moment we have a major shift of trend and DXY has a lot of bullish confirmations, starting with this break, but also with a double bottom in 90 zone and, after the second bottom in June, a lot of higher lows and a major rounded bottom break.
I expect USD to remain strong for the rest of the year and is now strong support
Rallies in EurUsd , GbpUsd , AudUsd and NzdUsd should be sold