DXY to drop to 75 or beyond
Tapped higher fib levels, rejected off a line of a previous high in the past that's contributed to the bearish 1W+ candles. Rate cuts are soon to occur which means less investment in bonds, de dollarization due to U.S. foreign policy economically punishing countries not cooperating with the U.S., U.S. debt exponentially increasing is unsustainable and will make people worry and be more cautious investing in the U.S until the debt bubble pops. Dxy decrease may lead to another sharp rise in inflation and a recession in the years to come.
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