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US Dollar Index Fails to Clear Support, Breaks Above

posted by Avatar FXTimes 381 days ago in USD, Technical, Daily made popular 381 days ago

The daily USD Index chart shows a market that has been flattened after a rally from Aug. 2011 to Jan. 2012. In April, the market fell from about 80.40 down to a previous support pivot near 78.80. As it tested this support, it also tested a rising trendline that went back to the August 2011 lows. Failure to clear these support factors...
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