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U.S. Dollar Index

DXY : Descending Broadening Wedge

By Felix_Jonathan
US Dollar Index is forming a descending broadening wedge. After hitting the upper line, the candle formed a rejection. The price also moves below the 20-day EMA, indicate that the trend is still bearish. So, there's a potential for price move downside to the lower line before move upside again. 90.57 is the target price.

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Chart PatternsDescending Broadening WedgeTrend Analysis
Felix_Jonathan
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