DXY prepare to break weekly downtrend line
DXY With the confirmation of rebound from the fibo retracement, 80% USD will break the downtrend line.
The 20% is, it will do the fake continuous downtrend before it breaks the trendline.
Note
maybe I was wrong about the target, yes it broke out the trendline exactly after I predicted.
But I still believe DXY (USD) will be up even after the Fed rate cut. With or without the fake breakdown.
The other thing is that JPY vs USD would be interesting to watch in the coming months.
I think they would act differently than before.
The world has changed.
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