DXY has been on a bearish movement since December, heading to the strong resistance of monthly and weekly timeframe. Currently trapped inside 4hours consolidation zone, if we see breakout to the down side, this will be continuation of the down movement to the monthly resistance before the new uptrend will start. But if the breakout is to the upside, meaning there will be a short bullish movement before another strong fall DXY. this will help to know what Gold and other USD pair is about to do in our analysis. What is your view? comment below.
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Nice move for the downside
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.