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US Dollar Ready To Rebound Or More Pain Ahead?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The main drivers of the large move down in the US Dollar's DXY index last Thursday Dec 3 were the European currency pairs with the USD/CAD and USD/JPY mostly sitting out the decline in the DXY index. The GBP/USD was certainly up on Thursday but had very much underperformed the gains that were seen in the DXY Index as a whole. The picture is even more dramatic if we look at the weekly data which is now in. Viewing an entire weeks' worth of data we can see that the European currency pairs

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