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DXY - Where will the USD go next?

Average: 5 (1 vote)

With NFP looming at the end of the week traders are preparing themselves for the data. The consensus is for 850K new non-agriculture jobs to be created.

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Technical Chart

Technically the pair is forming a wedge, and is still respecting the downtrend line. The March lows at 94.65 have now been tested as a resistance level as the pair tightens its trading range. The USD will be an interesting currency to watch over the coming months.

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