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U.S. Dollar Index
Short

DXY is heading for another downturn

By kalospec
Updated
Central banks around the world are rapidly raising interest rates, while at the same time the US fed is showing hints that it will slow down interest rate hikes. This means that USD will be less valuable since there are more and more currencies that offers more than the dollar.
Comment
DXY has double bottomed. And it looks like a falling wedge in 1H timeframe. I believe this is the bottom for now, it might rally until ~109 range.
Comment
All I can say is DXY is trolling everyone. :D
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