Mihai_Iacob

DXY- Broadening wedge needs confirmation

TVC:DXY   U.S. Dollar Index
April was a bad month for USD, with the index losing 3 points from 93.50 to almost 90.50.
At this point, we are trading in the trend line support of what could be a broadening wedge.
However, this pattern needs confirmation and in my opinion, this would come with the index back above 91.50
I will stay on the bench when it comes to USD pairs for now and wait for clarification

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