The U.S. Dollar Index (DXY) currently reflects a bearish trend
The U.S. Dollar Index (DXY) currently reflects a bearish trend on the 4-hour chart. The immediate resistance is around 106.620, while the current price gravitates towards the support level at 105.250. This downtrend aligns with technical indicators signaling potential bearish momentum.
Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.
Recent trading data confirms a drop to around 105.93 during the last session, reinforcing expectations of further downward movement, possibly testing the 105.250 level soon.
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