US Dollar Short-Term Price Outlook: Six-Days Down into Suppo

US Dollar Short-Term Price Outlook: Six-Days Down into Support

The US Dollar Index is attempting to mark a sixth-consecutive daily decline with DXY off by more than 1.6% this week. The decline is now approaching a key pivot zone and while a break of the monthly opening-range keeps the focus lower, the decline may be vulnerable as price approaches near-term downtrend support. These are the updated targets and invalidation levels that matter on the DXY short-term technical charts.

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