DXY Chart Technical Outlook

DXY Chart Technical Outlook(USD Index) – strong buying pressure from the 103.35 low resulted in the index posting a bullish outside candle on the daily chart. This formation is positive for short-term sentiment. We have stalled at the projected AB leg of a Bat formation. Marabuzo support is located at 104.15. This is the midpoint of a strongly bullish candle.

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