- May 6, 2021
- Posted by: Tradingshot Articles
- Category: Forex
The U.S. Dollar Index (DXY) has been rejected multiple times on the 91.435 Resistance since April 21. This is a sign of weakness on the short-term which may jump onto the long-term too is the 4 month Higher Lows Zone (green) breaks, in which case the target will the the February 25 Low of 89.680. With the MACD on an aggressive Bearish Cross, rejected also on the major zone, as long as DXY is trading below the 4H MA200, the sentiment is bearish.