DXY is in a descending channel between trend lines.
The chart has already reached the lower boundary of the channel, the lower trend line and the support level, which has already acted as a rebound point.
Price has quickly picked out of the range between the levels and is now above the accumulation zone.
AB=CD pattern has been formed.
We expect a rebound after consolidation above the accumulation zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.