The DXY (US Dollar Index) appears to be entering a mild bearish phase, with a potential move down from the 97.721 level. Based on current momentum and technical indicators, it is likely to approach key support zones between 96.22 and 96.00, where a bullish reversal could potentially occur.
However, there is a reasonable chance the market could extend its decline beyond these levels, possibly reaching as low as 95.404 before finding a more stable support base.
However, there is a reasonable chance the market could extend its decline beyond these levels, possibly reaching as low as 95.404 before finding a more stable support base.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.