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Babsphoenix
Mar 4, 2023 2:03 AM

DXY: UNDER TRIPLE PRESSURE Short

U.S. Dollar Currency IndexTVC

Description

The dollar index is not just under horizontal resistance but also under the downward pressure of 1W MA 50 and 1D MA 100 lleading to a bearish outlook. 4H MA 100 and the floor of the green ascending channel are the major supports. If they rupture, traders can take a sell position.

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