USD on the DXY is at the most important near term level of 100. The 4-hour chart is showing us that a breakout could be on above 100 but that current momentum is bearish.
The levels we must watch in mind are the following: 96.17, 98.29 - 100.10, 100.85, 102.96
What do we have here?
✔️ Triangle formation
✔️ A downtrend from highs of 103
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only.
The levels we must watch in mind are the following: 96.17, 98.29 - 100.10, 100.85, 102.96
What do we have here?
✔️ Triangle formation
✔️ A downtrend from highs of 103
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only.
