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USD Index Posts Impressive 3-Day Advance, Near-Term Correction Likely

Thu May 24 21:30:00 GMT 2012 | By Michael Boutros Currency Strategist
The Dow Jones FXCM Dollar Index remained well supported today with the greenback now having advanced 14 of the past 18 sessions. Here are the levels to watch for heading into Asia Pacific trade.

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US Dollar Index Vital Statistics

Symbol Volatility Trend
USDOLLAR
97%

Support & Resistance

S1: 10077 m
S2: 10050 m
S3: 10000 s
      R3: 10300 s
R2: 10250 m
R1: 10210 m

About Dow Jones FXCM Dollar Index

The Dow Jones FXCM Dollar Index reflects the change in value of the U.S dollar measured against a basket of the most liquid currencies in the world. The index represents a real-world, transparent approach to measuring the most economically significant currencies in the world in real-time.
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Trading the Index

FXCM has created a tradable Dollar Index Basket based on the Dow Jones FXCM Dollar Index methodology.
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