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An update to the previous analysis on DXY, the USD continues to be stronger against the other currencies.
The price held to a higher high and completed another valid uptrend wave. It is now near the resistance area at 105.626. We may see a correction when the price reaches that level.
If the price breaks above this level with a solid bullish candle, this will be good news for the USD.
USDJPY manages to break another important level of 134.778.
Now we may see a correction around 134.778 or 132.714.
If the price continues in this scenario and recovers at these levels, we can clearly see that the next moves will be more bullish than bearish.
USDCAD formed a good looking valid trend line, now the price is close to the trend line with RSI at 45.60 level which is a very healthy level for a correction.
If the price bounce back to the trend line, we may see an upward move to around the 161.8 fibonacci level. If the price breaks below the trendline, we may see a decline to around the 1.33589 level.
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