DXY 1H LEVELS - 23/08/2023

23 ส.ค. 2023

As you probably know already, DXY analysis is very important for USD pairs

Here are some scenarios:

Wait for DXY to go to 103.8 resistance zone, then see the reaction of it

If we see a good breakout and 103.8 stays as support, then XAUUSD and EURUSD will be bearish and I will be looking for short entries

But if we see a rejection from 103.8 resistance zone, then I will take scalp long

*Not financial advice
**Always use proper risk management
***Never enter a position without waiting for confirmation on the lower time frame first
(15m, 5m, 3m, 1m)