DXY Potential Forecast | 29th March 2023

2023年3月29日

Fundamental Backdrop
1. Uncertainty continues to surround the USD
2. Fed balance sheet continues to inject money to aid the banks in crisis

Technical Confluences
1. Resistance level that price is currently at can potentially be rejected before heading back down
2. Price could potentially create a new lower low
3. on the H4 timeframe, DXY is on a bearish trend and we can anticipate further bearish continuations.

Idea
Strong bearish bias on DXY, anticipating price to tap into the key H4 support level below.






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