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TradingMula
Apr 5, 2023 6:01 AM

Dollar Index Multi Decade Channel Resistance  Short

U.S. Dollar Currency IndexTVC

Description

With all the fear about the dollar losing reserve currency status, I thought I'd check the chart to see how things are looking and I see a multi decade resistance level shown in the channel above.

MACD and RSI are showing negative divergence and the 3 month candle price action suggests it can head lower in Q2
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