DXY dollar about to spring back to action
DXY held support forming a double bottom and bullish divergences on the 4H. MACD is timidly rising. Target is the quarterly resistance at 94.5.
Losing current support will send the dollar tumbling to 89.5.
Losing current support will send the dollar tumbling to 89.5.
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DXY crossing support. A bounce is needed to set in a bullish divergence
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Strong sell off
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DXY has slowed decent and formed a bullish divergence on the 4H
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DXY broke down from the rising channel. Retest of the channel is possible. 89.5 is the target at this moment. DXY has been very bearish not taking a pause or rest from plummeting.
