USDX testing support, potential rise!

١٠ أبريل ٢٠١٨

Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).

Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.

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