Potential reversal on the cards for the USD. Price is now testing the bottom of the channel, & if we see a break there will be a selloff on the dollar with good room to move lower.
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neckline broken, if price bounces off the channel bottom, it will likely retest the neckline which lines up with key level 95.00
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This will be the catalyst to what happens next with usd cross pairs.
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Weekly
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bounce off the bottom of channel, next area to watch is 95.00
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stubborn dxy reacting to support 94.50, although is still bearish & rejecting the broken channel. A break of this support will send price lower