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US Dollar Index Classical Technical Report 04.27

By Joel Kruger, Technical Strategist
27 April 2012 07:51 GMT
Daily_Classical_DXY_body_dxy.png, US Dollar Index Classical Technical Report 04.27

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9,600-10,100 area. Overall, we do retain a bullish outlook given the broader recovery structure out from a major base in 2011 and therefore recommend looking to buy on dips in favor of an eventual break above 10,100.

--- Written by Joel Kruger, Technical Currency Strategist

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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27 April 2012 07:51 GMT