#DXY Breaking out of channel ($)
The monthly candle of the DXY closes today and looks like we will get a confirmed break out of the channel which has contained price for the dollar since December 2016. Last month the market tried to hold onto the channel but this months break would confirm the break to the upside. This of course has ramifications for many asset classes, as the DXY has a technical target of 115 from the break of its channel which means the dollar could potentially strengthen another +-10% from here.
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