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09.09.2015 10:20 AM
USDX technical analysis for September 9, 2015

The US Dollar Index remains below the important trend-line resistance at 96.40 in the short term and at 97.80 in the long term. The price is moving right below important short-term resistance, so bulls need to be very cautious amid a possible pullback towards 94.50, which can take place.

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Green line - resistance

The US Dollar Index is above the Ichimoku cloud in the 4-hour chart but below the green trend-line resistnace. A break above 96.50 will be a bullish sign that could bring the price towards 97.50-98. Rejection here will push the price towards cloud support near 95.75.

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Red line -resistance

Green line - support

The US Dollar Index remains below the weekly kijun-sen (yellow Ichimoku indicator). This implies that bears have increased chances to stay in the trend and push prices towards at least 94.

Summary
Urgency
Analytic
Alexandros Yfantis
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