Very Straight forward. Looks like a head and shoulders forming. I expect a dramatic fall in the strength of the dollar over the coming months. The USD Index is against a basket containing the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts. It is geographically balanced and accounts for 80% of worldwide Forex activity.
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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.