US30USD Targets 78.6% Fibonacci Resistance

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The US30USD is currently experiencing a notable pullback, presenting an intriguing opportunity for a favorable risk-reward buying position. The breach of the downtrend trendline is a significant development that may indicate a potential reversal in the short or even long-term trend.

Our analysis suggests that we could witness a swift ascent toward the 78.6% Fibonacci resistance level.

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