DSchutz

US Dollar - Bearish Divergence

INDEX:DXY   US DOLLAR CURRENCY INDEX
Large and well established bearish divergence on RSI. Given the current channel bound price action, we may see a breakdown of this channel. Of course, we would wait for confirmation of such a breakout (daily close below support, and hold, with no whipsaw/traps). Seeing as there is no significant support till 90, that may be the target. Watching closely.
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