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Needle Still Points South

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Yields Bounce as Equities Make New Monthly Highs

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Heading North

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Bull Rally Accelerates

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US
US: DOLLAR-INDEX TECHS: 93.611 Support Confirms Significance
*RES 4: 95.167 - Monthly High Oct 27 
*RES 3: 95.025 - 2018 High May 29 
*RES 2: 94.695 - Hourly resistance May 30 
*RES 1: 94.450 - High June 1
*PRICE: 94.068 @ 0340GMT
*SUP 1: 93.634 - 21-DMA
*SUP 2: 93.611 - Low May 24
*SUP 3: 93.291 - Low May 22
*SUP 4: 92.841 - Alternating daily support/resistance
*COMMENTARY: The 93.611 support confirmed significance to start the new week
with the index bouncing from just ahead. Bulls now need a close above 94.450 to
end correction talk and initially focus on 2018 highs. The 93.291 support
remains key. Bears need a close below to confirm a break of the 21-DMA and
target a move back to 91.999-92.223 where the 200-DMA is noted. Correcting O/B
studies add weight to the bearish case and remain a concern for bulls.