FX.co ★ Technical Analysis of Intraday Price Movements of the USD Currency Index, Monday January 2 2023.

On the 4th hour chart looks like #USDX move inside Bearish Pitchfork channel where in the near future #USDX will try to break below the 103.36 level. If this level is successfully broken, USDX will potentially continue its decline to the 103.02 level but if it turns out that on its way to the target levels, a significant correction suddenly occurs to break above the level. 104.07, it is certain that the reduction scenario described earlier will become invalid and cancel itself.

(Disclaimer)