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Date Posted: 09:30:18 08/04/19 Sun
Author: Philbond007
Subject: DXY(dollar index): 4hr chart

Last time I posted anything on the dollar index was 6/10, so I figured it's about time. Blue lines are parallel w/mid-channel, & orange line was old resistance which fell on an upward breakout around July 22 w/a closing candle around 97.46. Since then, price has run up around +1.5 points & topped out August 1 around 98.93.

For now, mid-channel support appears to be the level to watch, as there's currently no reason to assume anything. Price action could easily bounce back & forth around mid-channel support, then move HIGHER to the 99.40 resistance level, or it could do the opposite & end up around the 97.00 support level.

No clue which way it goes, so we watch & see:



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