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DXY (USD Index) 4hour Analysis December 26th, 2021

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DXY Bullish Idea

Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Ranging

Trade scenario 1: Higher timeframes suggest we are still very bullish but we can clearly see the 4hour timeframe is ranging.

Ideally we can spot a higher low above the range & resistance at 96.300 before continuing higher.

Trade scenario 2: For us to consider DXY bearish we would need to see a lower high below the range.

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