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  • The Australian Dollar looks poised to outperform the haven-associated US Dollar and Japanese Yen. However, it may lose ground to the New Zealand Dollar. Key levels for AUD/USD, AUD/JPY and AUD/NZD. Get your market update from @DanielGMoss here:https://t.co/cuxRxl5WaF https://t.co/pujrmqSxV7
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USD Index Moves Lower

USD Index Moves Lower

Thomas Long, Course Instructor

This 4-hour chart of the USD Index shows a market that is currently printing lower highs and lower lows. A market that is trending up will print higher highs and higher lows. This current series will change if this market can move up through the 80.40 high noted on this chart. That could open the door to more buying interest and start a move up that USD bulls have been looking for.

USD_Index_body_74250d1292427827-chart-day-usd-index-1215.png, USD Index Moves Lower

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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