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DXY: Likely to Pass 111, but Bearish Divergence Continues

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As we can see, bearish divergence continues to increase since April, however the .5 fib continues to act as support on each correction.

I expect the DXY to pass 111 in the near future for a new local high because of the daily engulfing candle that is forming on the recent bounce. My thoughts on the divergence remains the same.

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