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US Dollar Technical Forecast: USD Bulls Eye US CPI
The US Dollar is lower for the second consecutive week with DXY struggling just below major technical resistance at the yearly highs. The battle lines are drawn ahead of key US inflation data tomorrow as the bulls look to defend the yearly uptrend. These are the updated targets and invalidation levels that matter on the DXY weekly technical chart heading into CPI. chart Technical Outlook: In last month’s US Dollar Technical Forecast we noted that USD had, “rebounded off confluent uptrend support and from a technical standpoint, keeps the outlook constructive while above 102.75. From a trading standpoint, look ... (full story)