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USD Long Term Monthly

INDEX:DXY   U.S. Dollar Index
124 0 4
Break of purple channel needed for more lift.
Next significant technical s/r's can be seen from the Black Wedge and Blue Fib Channel
We can also see a potential for the market to move back to the blue ellipse edge one more time prior to the lift potential.
Both Blue ellipses are identical (clones) and seem to offer a rough guide for the current market dynamics. This is coupled with the obvious large black wedge pattern. IF we get a lift through the wedge, we can see a potential for severe or volatile moves.

Andrew J.D. Long, MFTA
MATASII.com
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