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The DXY closed below a 50-year level
I believe the index may be in a weekly ABC correction, with a target approximately in the green circle region.
On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar.
Pay attention to the upward and downward channels that are in play.
Thanks!
On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar.
Pay attention to the upward and downward channels that are in play.
Thanks!
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