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Solid ISM Puts USD Index Clear of 50% Retracement And 100-dma

FOREX
  • Fresh daily and '24 highs for the greenback on the solid ISM - follow through selling in GBP/USD puts the pair at new lows, extending weakness on the break of 200-dma support earlier today.
  • Today's move in the USD Index puts price clear of the 100-dma for the first time since August - and also marks the firm break of the 50% retracement for the downleg off the October high.
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  • Fresh daily and '24 highs for the greenback on the solid ISM - follow through selling in GBP/USD puts the pair at new lows, extending weakness on the break of 200-dma support earlier today.
  • Today's move in the USD Index puts price clear of the 100-dma for the first time since August - and also marks the firm break of the 50% retracement for the downleg off the October high.