Dollar Index Weekly Forecast 10/16/22

As stated in previous forecast, the dollars weekly cycle was mostly consolidated. We do not have that much fundamental announcements as last week, but I believe we still have enough momentum in the market to keep this bullish trend going. I have pointed out an important key level in this analysis if we do see some bearish movement in this week. If the invalidation level is breached, then we have to reanalyze this instrument.

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Seems like we have revisited the major key level 112.500

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Invalidation hit needs to be reanalyzed