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US Dollar Price Forecast: USD Twelve-Week Rally Stretched
The US Dollar has now rallied nearly 7.8% off the July / yearly low with a stunning twelve-week rally in DXY now testing confluent uptrend resistance. The battle lines are drawn heading into Q4 as a breakout of the 2023 opening-range faces the first major technical hurdle. These are the updated targets and invalidation levels that matter on the DXY weekly technical chart. Technical Outlook: In last month’s US Dollar Technical Forecast we noted that an eight-week rally in DXY was approaching a major resistance hurdle and to be on the lookout for a reaction on a, “stretch towards 105.39/67- losses should be limited ... (full story)