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US Dollar Index Loses July High; No Technical Level Until 96.50

US Dollar Index Loses July High; No Technical Level Until 96.50

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-DXY has re-entered the prior range (July high at 97.57) so focus shifts to former trendline resistance (line off of the December 2015 and January highs) and August high at 96.52. Ultimately, the major trend defining test is the May-August trendline (channel bottom) and 200 day average (currently 95.82).

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

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