DX Dollar Tests Downtrend

DX Dollar Tests Downtrend

The dollar has bounced off support ~80 and is backtesting the downtrend line A. This is an important juncture for the dollar because if the dollar breaks out significantly above trendline A then it would end the 2-month long downtrend and begin a dollar rally to the 82.8-8.3.3 range. I am a little skeptical at this point because the dollar hasn't really made a good base at 80, just one touch. So it may drop to ~80 once again before a powerful reversal begins.

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