DXY showing short term relief, hinting at a mid term correction

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Taking a Quick Look at the 12H DXY, we can see that we are printing hidden bearish divergence, along with that we are making our way to a supply zone sitting at 105.3 , both of these factors being considered, we could see a rejection at the supply zone and a continuation to the demand zone at 104.4.

Overall, I’m expecting some upside for DXY followed by some perhaps violent downside movement, let’s see how the cards play out.

Penafian

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