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KarYong
Oct 1, 2016 5:23 PM

DXY [3rd - 7th October] 

US DOLLAR CURRENCY INDEXINDEX

Description

Overall the Dollar Index is respecting the bullish channel nicely. On a shorter period horizon, price is also respecting the recent consolidation pattern. Key level to watch is around 95.21. A break below this level can see price reaching for the 93.13, where it will present a decent long opportunity. Alternatively, a rally towards 96.81 would present a decent short opportunity.
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