USD Index

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As price approaches channel support on the 4h time frame, we will wait for either a rejection from the area indicating dollar strength or a break and retest as resistance of the area to the downside indicating dollar weakness. Should the support hold push price up then the dollar base pairs will be bullish and dollar quote pairs bearish. Should price break support and push to the downside then the dollar base pairs will be bearish and dollar quote pairs will turn bullish. Let's wait for further confirmation.