The chart shows previous instances where the DXY reversed after similar declines. If there's a historical pattern of reversal at similar levels, this could support the potential for a bounce.
Based on the current indicators, there's no strong confirmation of a reversal yet. However, the price is approaching a potential support level, which could provide a bounce if it holds.
Based on the current indicators, there's no strong confirmation of a reversal yet. However, the price is approaching a potential support level, which could provide a bounce if it holds.
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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.