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The dollar index slightly changed while the market found sellers around the Quarter’s DVAH level. This might be leading traders to conclude downside rotations towards the lower extreme as the monthly got balanced as well.
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The mentioned Quarter’s DVAH was confluent with the prior VWAP close level which serves as resistance and selling level, targeting the swing lows and lower balance extreme as rotational play on the hourly periodicity. The swing lows might be targeted as absorption area while the mean of the prior bracketing area should serve as supportive level, confluent with the Quarter’s lower standard deviation level.
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