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DXY (USD) [Monthly] - is inflation coming back?

Monthly chart showing clearly that old resistance is becoming new support level, is it that simple?

i've seen people comparing DXY current price action to the late 1970s when inflation had 3 waves, implying we could begin the 2nd wave soon. i think the fundamentals are different, inflation reduction act etc etc.

what do we think, is it this simple?

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