Dollar Index Price Analysis for the Third Week of August 2024

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In the analysis of the dollar index price chart, considering the speeches of Federal Reserve members, the following conclusions can be drawn:

Given the price support at the 102.164 level and the price's interaction with this support, a price correction is expected. This correction, considering the significant liquidity present around the 101.422 level, is likely to be short-term.

After the correction, two scenarios are possible: First, the price may correct up to the 102.626 level, after which an upward movement in price is likely.

Penafian

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