Hello traders, I closely monitor the various indicators that impact the value of currencies, such as the USD. The recent negative news releases for durable goods and PMI, coupled with the aftermath of bank bankruptcies in the USA, have significantly impacted the USD index's value. From my perspective, investors remain concerned about the overall macroeconomic conditions in the USA, which has led to ongoing distribution for the DXY . In terms of technical analysis , I have observed that the price has recently reached a strong support area at 101.500 and rebounded, indicating potential for a correction. However, based on my analysis, once the correction is complete and the price reaches either the 0.618% or 0.5% Fibonacci retracement levels, I anticipate that the price will continue to follow the established downtrend.
Targets: 101.500,100, 98....
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Targets: 101.500,100, 98....
"Don't forget to like"
.
.
.
.
.
.
"Thanks for giving your time to read my article."
