DXY Levels To Watch 8/7 - 8/12

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Coming off of NFP we have had a Bullish Retracement into a Daily Price level 106.452 where we would anticipate seeing resistance to the downside. Within this move back into this Bearish Price Level, we have a move off a Bullish Price Level 105.348 within this Bullish Range. With this in mind, we would want to watch the most recent price range. Should price continue to rise towards the Swing High this may show that we are getting back in alignment with the Bullish price again. But should price reject away from this Bearish Price Level anticipate that price should trade to the downside taking out the most recent Swing Low. We would then watch to see if price will take out the Weekly Range Swing Low.