Forex - Chart USD Index DXY Update: Compressed bear pennant forming in recent days; could break soon


 11:45 (GMT) 08 Oct

  [Forex Charts]

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Chart USD Index DXY Update: Compressed bear pennant forming in recent days; could break soon (0101-PMHK-C01)

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Asterisk denotes strength of level

11:45 GMT - DXY action over the past few trading days has been much more compressed than we wanted to see. Though, the pattern looks to be taking shape as a bear pennant in recent days. We stick with a short-term bear view for now and wait to see if the mkt could soon take shot down to the key target zone at 98.44/36. 1st resistance is seen at 99.19.


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