DXY is setting up very nicely for a buy. 96 is a strong support, but we may see it touch 95.5 – 95.8. I’ll be watching for UJ to enter a clearer setup as this happens.
DXY is now in a clear uptrend after breaking the ascending triangle. The most likely retracement level is 96.
After passing 96, our next target is 97.5 – 98. Our previous resistance appears to have turned into support, and our bias is bullish for the dollar.
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