The U.S. Dollar Index (DXY) has broken down from a Head & Shoulders pattern, confirming a bearish reversal after a successful retest of the neckline. The price is currently near a key support area, and if it fails to hold, a drop toward the lower strong support zone is likely.
Additionally, RSI is showing bearish divergence and is below the neutral 50 level, indicating weakening momentum.
DYOR, NFA
Additionally, RSI is showing bearish divergence and is below the neutral 50 level, indicating weakening momentum.
DYOR, NFA
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