Tag Archives: Retracement

DXY weekly line chart from year 2000 to late-2005

Time for DXY to retrace, consolidate, find out where resistance is?

It’s about time for a little bit of retracement, consolidation for the DXY. After all markets don’t travel in a straight line – they usually move in zigzags. Besides, there was previously a resistance here so this level might over some support. Price action at the moment with the kink there appears to agree.