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U.S. Dollar Index

DXY at a crucial level

64
The daily trendline has been tested multiple times and has been valid since DXY failed to break through above.We are expecting FOMC news in 3 hours at the time of writing which if it's hawkish we can expect DXY to break the daily trendline and move up, this will cause XAUUSD to dump since the dollar and gold are correlated. One goes up, the other goes down. We shall see what happens.
sparta121
Trend Analysis

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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.
Trend Analysis
sparta121

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.