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US Dollar Index – Rally from Trendline Could Fail at 100.66

US Dollar Index – Rally from Trendline Could Fail at 100.66

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-The last DXY update noted that “the mentioned trendline has held (low was 98.86). The trendline hold is clearly a positive in the very near term. 100.39 (maybe a little higher…like 100.66) is still of interest for resistance.” 100.39 has already been reached and this might have juice for 100.66, especially given the end of month (and quarter) shenanigans that typically amplify the range.

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

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