Are there technical signals that support a USD rebound?
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Yes. The US Dollar Index has recently closed above its 200-day moving average for the first time in nine months. This breakout suggests the DXY could reverse its 7–8 month downtrend, with technical momentum potentially aligning with crowded short positions to fuel a rapid rebound. -
Some charts show early signs of momentum building for a rebound.
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But confirmation will depend on upcoming economic data releases.