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  1. Home
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  3. Dollar Index (DXY): Important Bearish Breakout

Dollar Index (DXY): Important Bearish Breakout

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  • bonkB Offline
    bonkB Offline
    bonk
    wrote on last edited by
    #1

    2168022c-ec7e-4361-89a9-5605b33ee5f3-image.png
    The Dollar Index has fallen below a key daily/intraday support level,
    which has now become resistance.

    A bearish trend is likely to persist, with the next target set at 98.15.

    1 Reply Last reply
    0
    • M Offline
      M Offline
      Maxwell
      wrote on last edited by
      #2

      Losing that key support flips the bias hard — 98.15 is definitely on the radar now. A weaker dollar could fuel risk assets too. 👀

      1 Reply Last reply
      0
      • N Offline
        N Offline
        Nahiar806
        wrote on last edited by
        #3

        Textbook support-turned-resistance setup. If momentum holds, 98.15 might come faster than most expect.

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        • rafihasanR Offline
          rafihasanR Offline
          rafihasan
          wrote on last edited by
          #4

          DXY breaking down could be the green light for crypto and commodities. Correlations are heating up again. Let’s see how equities react next.

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          • rafihasanR Offline
            rafihasanR Offline
            rafihasan
            wrote on last edited by
            #5

            DXY breaking down could be the green light for crypto and commodities. Correlations are heating up again. Let’s see how equities react next.

            1 Reply Last reply
            0


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