Huge outside week reversal through key support
U.S. Dollar Currency IndexTVC
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⋅ Following the predictable dovish fed policy stance, and shift in the dotplot, the $ plunged through most of its key support structures:
- Simple trend line (purple dotted)
- Median line in pitchfork
- 200DMA
- 61.8% slope in long-term pitchfork
The 200 Week moving average is the last bastion of hope for the dxy.
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