DXY US DOLLAR INDEX - Broke support, Next support to keep an eye on

DXY US DOLLAR INDEX - Broke support, Next support to keep an eye on

Daily Chart

• Very bearish condition as we have a very negative day yesterday breaking the 80 level / support
• Support is found possibly at a 61.8 retracement level, however strong support is at the 78.6 retracement

Hourly Chart

• Possible bounce could be found at a 61.8 retracement, however could be short lived as it could continue another leg down
• Note - we have NFP one day earlier this week which could possible bring a reversal

Tips -

Always take note of any economical news event on our provided calender below