USD Index approaches key support levels, risk of bounce – OCBC DollarIndex Banks
holds steady following last week's choppy action. As economists at OCBC Bank note, a head and shoulders pattern could be forming. “Bearish momentum on weekly chart intact and should underpin the broad bearish bias. Price action on weekly“We do not rule out consolidative play with risk of bounce as DXY approaches key support levels. Support at 104.1 and 102.15.
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