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U.S. Dollar Index

DXY Ranging

By quantguy
The DXY is ranging in a sideways correction, as we predicted. We are holding the range between 106.13 and 107.20. It is reasonable for the DXY to enter such a corrective pattern after the meteoric rally that took USD to decades highs against other currencies. If we retrace further, watch for support at 105.78. If we break out again, the next target is 108.50.
Chart PatternsCurrenciesDXYEURUSDForexTechnical IndicatorskovachquantguyTrend AnalysisUSDUSDJPY
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