WCUUSD is another indicator of the direction in which the dollar index is headed. The weakened dollar broke below the support line, which opens the door for a further pullback to the 0.74000 level (orange support line). The reason why we might expect strong support for WCUUSD here is because it matches the previous pullback from 7.00%-7.50%.
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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.