Dollar Index -24/11/2022-
• Dollar index trend is bearish
• Ascending trend line was broken with confirmation, re-tested and trend continued lower
• Next target/support is at 105.30 followed by 104.70
• Bearish trend is supported by Fed shifting policy to a less aggressive one
• Ascending trend line was broken with confirmation, re-tested and trend continued lower
• Next target/support is at 105.30 followed by 104.70
• Bearish trend is supported by Fed shifting policy to a less aggressive one
Ramzi Abou Abdallah, CFTe, CMT
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