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###POV US DOLLAR-INDEX: Stumbling At The.........>

US
US: ###POV US DOLLAR-INDEX: Stumbling At The 100-WMA Hurdle
- The break of 91.896 in early May confirmed a break of the weekly Bear channel
top off 2017 highs with the index rallying back towards the 96.512-98.543
resistance region. The 100-WMA (95.560) is now capping as weekly studies linger
at O/B levels and sit well placed for a correction.
- LT Traders now look for a close above the 100-WMA to retain focus on
96.512-98.543 and above 98.543 to target 102.25-103.82 where 2017 highs are
located.
- The Bull channel base off Apr lows comes in around 94.156 with a break seeing
initial focus back on the 91.986-93.193 support region where 55 (92.674) & 21
(91.687) WMAs are situated. Below 91.986 remains needed to end bullish hopes and
hint at a move back to 2018 lows (88.253) with below 91.011 to confirm.
- Click for chart https://tinyurl.com/ybdu9vc9
- Click for chart https://tinyurl.com/yb3wyz99

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