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Dollar Index (#DXY): Classic Trend-Following Movement

The Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel.

There has been a significant breakout above a key resistance level, following a test of the lower channel boundary.

Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.
Parallel ChannelSupport and ResistanceTrend Lines

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