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#DXY (Intraday perspective: Bullish from 92.726) Prices are bo | IC Markets

#DXY (Intraday perspective: Bullish from 92.726)
Prices are bouncing off the horizontal overlap support, in line with 50% Fibonacci retracement and 78.6% Fibonacci extension, and may rally up to the strong Fibonacci confluence area, in line with the 127.2% Fibonacci retracement and 100% Fibonacci extension. If prices reverse off the resistance, it may take support at the horizontal overlap support, in line with 161.8% Fibonacci extension. Furthermore, EMA is holding below prices, and MACD is holding above the 0 line, further supporting our bullish view.