DeGRAM | DXY seeks to close the gap

DXY is in a descending channel between trend lines.

After the gap formation, the price has reached the lower boundary of the channel, the support level and the lower trend line, which previously acted as a rebound point.

The chart approached the 38.2% retracement level and is now holding above the resistance level.

We expect the rebound to continue if successfully consolidated above the resistance level.

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