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US Dollar Soft Landing To Support Cluster : Short Term Update

The USD got rejected on its first attempt to break confidently higher above 104.50 and has since pulled back to a cluster of support. RSI is sporting a bullish divergence and MACD has reset near the zero line. Keep an eye on price action for any signs of buying power/buy the dip from investors. If the buyers pitch up , then most likely the next up leg in the USD is commencing. If support fails to hold and it returns back into its previous trading range then it will be a setback for the bulls, including ourselves. Time will tell.