Hey guys,

With the US Dollar Index holding support and breaking up higher, this is dictating a large chunk of the moves across the majors.

Take a look at the level I’m talking about on the daily chart below:

DXY Daily

You can see the zone I have drawn has been used as both support and resistance in the past and most recently held as supports once more.

With the DXY price ripping, will we see the forex majors continue to fall?

Peace ✌🏻.

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