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King USD: Key Levels Across The Board - Citi
Key levels are being tested or have given way suggesting further USD gains in G10, notes CitiFX Technicals. In the USD Index, Citi notes that it's making higher highs for the trend and beginning to look like a convincing bullish after its break above 81.49. "The next set of resistance levels are at 82.49-67. The reverse head and shoulders targets 83.40 while the larger double bottom suggests a rally to 84," Citi projects. In USD/JPY, Citi notes that it rallied through 103.14 and the next level which should be tested is 104.13 (medium term double bottom neckline). "The price action is still similar to that seen in ... (full story)