Dollar index and return
In the daily timeframe, as seen, it has reached the midline of the 12-year channel and is on strong and reliable support (104 to 104,300). We also have a price range from 109 to 111 that must be filled. The 9-month old channel is also broken and should be pullback to this channel. In RSI and MACD, positive and strong divergence has formed. Based on NFP data and technical reasons, we expect to see a strong rebound and good growth.
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