DXY is rejected from 111
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DXY is reversing lower from 111 for a possible deeper pullback to the 103-105 zone. The rejection level is a long-term uptrend channel resistance and a long-term falling trend line resistance. A rejection here is indicating a medium-term top.
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The weekly chart reveals a rejection from 111 and a Doji candle formed from the channel top with a negative RSI divergence indicating a full bearish reversal. Near-term uptrend line support is at 107.
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