The DXY is breaking lower after losing short-term moving average support, showing weakening bullish momentum. As long as it remains below the 99.00 area, further downside toward the 98.00–97.50 zone is likely. A strong rebound and recovery above 99.50 would be needed to invalidate the bearish short-term bias.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.