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Navigating the DXY: Analysing Potential Market Directions for May 22nd -Where next for the US Dollar!

Convergence within markets is the key to your trading success, here we can see as the price hits support lines along with liquidity [blue zone]. Therefore we can expect a bullish US Dollar in the short term - if the price can remain above 104.79, which will act as support and head for 106.80. Use the DXY as correlation to determine your successful trades. Chris

 
 
 

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Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. All information is for educational purposes.

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