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DXY Battles 104.45 Resistance Ahead of the Holiday Weekend

From dailypriceaction.com

The US Dollar Index (DXY) is fighting with 104.45 resistance today, a key level that will likely determine what we see from the dollar next week. In today’s video, I discuss what’s required from DXY bulls to open up levels like 105.00 and 106.00, and whether we’re likely to get a sweep of Tuesday’s wick near 104.00. The DXY is battling the 104.45 resistance today after piercing the level intraday. However, the daily close is what will determine whether 104.45 remains intact as resistance or flips to support. Given this week’s illiquid conditions, I wouldn’t be surprised to see the DXY remain below 104.45 and ... (full story)

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  • Category: Technical Analysis