US DOLLAR INDEX (DXY): Classic Bullish Pattern
The DOLLAR INDEX has recently approached an important horizontal support level.
Following a successful test, the price has broken and closed above a resistance line of a bullish flag pattern on the 4-hour time frame.
This suggests potential for continued upward movement in the pair, with a target of 106.53.
Following a successful test, the price has broken and closed above a resistance line of a bullish flag pattern on the 4-hour time frame.
This suggests potential for continued upward movement in the pair, with a target of 106.53.
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