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ijazsajid

09/10 19:40

US Dollar Index price prediction

US Dollar Index price prediction
Buyers failed to maintain the US Dollar Index (DXY) above the moving averages, indicating selling on rallies.


The bears will try to strengthen their position by pulling the price to 97.10 and then to the critical support at 96.37. Buyers are expected to fiercely defend the 96.37 support because a slide below it may sink the index to the 95 level.

Buyers will have to thrust the price above the 99 level to prevent the downside. If they manage to do that, the index could rally to 100.50 and eventually to the stiff overhead resistance at 102.

1000109691

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