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U.S. Dollar Index
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US Dollar Index on Daily

133
Price has been moving with heavy bearish momentum for the past 4 days after price rejected the upper descending trendline, breaking through the wedge and an area of structure to finish off last week. Looking for a slight pullback to retest the broken zone as new resistance on the lower timeframe, for price to continue lower towards the regions below along with further weakness to USD pairs.
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snapshot 4 Hour: Scenario i am looking for next week, for price to make a slight pullback early in the week, and retest the broken zone above as new resistance once more, where sellers may be waiting to push price down again sharply towards the regions below.
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snapshot Target hit *
Profound_Ambition
Supply and DemandSupport and ResistanceTrend Analysis

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Supply and DemandSupport and ResistanceTrend Analysis
Profound_Ambition

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.