DXY is reversing lower

DXY pullback started

 

DXY has been rejected from 97 and is pulling back since. This is also a channel resistance and a rising wedge resistance. A pullback from here and a break below 96 indicates a downside reversal and a pullback to support 94.30 and even 93.50 before a possible resumption of an uptrend.

Note: look for the short trade entries with the stop loss above 97 and short USD pairs

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