On the 4-hour chart, USDX forms a head and shoulders top pattern, and the downside risk in the future is relatively large. At present, we can pay attention to the downtrend line resistance near 109.0. If the rebound is not broken, it is expected to continue to fall, and the downside target is 106.7-107.2 area.
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Disclaimer
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.