DXY (US Dollar Index) Daily Time-frame 11/9/19

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DXY Long Idea

Overall higher time-frame analysis shows a moderately strong bullish trend

Current price action has bounced near the bottom of this channel after forming a clear double bottom and breaking toward the upside after a swift retest

DXY will most likely try to test the monthly resistance zone again near 100.000 in the short term

Price reaction near this zone will help us determine where DXY is headed next

Penafian

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