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For the US Dollar Index (DXY), 94 could prove to be critical

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The US Dollar Index has been gradually trending lower this year after gaining nearly 10.79% between January 2015 and early March this year. After prices hit resistance near the highs of 100.18, the Dollar Index has been gradually trend lower and has given back nearly 5% from the gains made previously. The strong rally in the Dollar Index came as speculation started to build on the US rate hike cycle from the Federal Reserve, after the Central Bank tapered its Quantitative easing policy last

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