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US DOLLAR INDEX PRICE ANALYSIS: RANGE BOUND PRICE WAITS FOR DIRECTIONAL CLARITY

ia7145
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  • A long-term technical analysis of the Dollar Index suggests a sideways trend. 
  • This is likely to continue until a decisive break above or below the range. 
  • The index is currently meeting resistance from the 100-week Simple Moving Average. 

The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of trade-weighted competitors, is in a long-term sideways trend which has lasted for between six months and a year


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