The DXY has over the past few months seen a decline in price and this has been the most anticipated market move. Currently, the DXY is sitting on a very strong support and has shown sign of rejection, but i wouldn't advice you to be happy just yet because there is a trend-line just above that the DXY has continuously respected. The trend-line at 104.811 will be the determinant factor. A break and retest of the Trend-line will mean bullish for DXY. personally i hope to see a rejection at that trend-line to the downward side. This means that we hope to see a brief bullish trend on the USD pair. I am also Hoping that the CPI tomorrow pushes the DXY up towards the trend-line where it will then be rejected.
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