US Dollar Index Working its Way To 101.30
Chart Prepared by Jamie Saettele, CMT
-There is no change to the DXY comments – still looking for that channel although the current level (12/14 and 1/12 lows) is classified as minor resistance. “The buck has turned up after piercing the December ECB low. If a broader decline is underway, then resistance probably needs to register (again) near the channel line that has been resistance and support since Brexit.”
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