USDX testing support, potential rise!
Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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