DXY Weekly analysis 24-Aug-2024

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Dxy is in the ascending channel in the monthly time frame
Also, at the moment, it is almost close to the bottom of the channel
As various indicators show oversold, I expect the price to bounce back from the area shown on the chart.

Otherwise, with the channel floor breaking, I expect the price to drop to the specified range
But even if the price continues to decline, we should see a pullback in this area

*Be profitable

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