US DOLLAR CURRENCY INDEX

DXY USD dollar index monthly projection

This chart is tracking and projecting the 100 SMA on the monthly chart. Things are looking good for USD right now and it is undergoing a good rally but in my opinion we would need to see a break above the upper black trend line to break this pattern of lower highs and lower lows. More likely we will see a shooting star here and it will then resume the downtrend. JMO.

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