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5 Big Drivers of Higher Inflation Rates Ahead

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Third Time's a Charm?

The US Dollar index bottomed on Monday's 21-day cycle and then rallied over 1% last week (after the previous week's big cycle convergence). In doing so it printed an engulfing bullish candlestick on the weekly chart (not shown).

DXY has formed a bullish wedge (and triggered it last week) on its daily chart below. It calls for a minimum move back to the top of the wedge near 81.40. This level has turned back advances in DXY twice since last November. Third time's a charm?

US Dollar Index ICE Continuous
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