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Price Action Setups in USD & Equity Indices
The early portion of today’s trading brought upon a reversal in some key asset classes, key of which were equities after the rip-roaring run of the past year. Combining this with a pullback in the U.S. Dollar opens the door for some interesting price action setups for the week ahead.We started off by looking at the U.S. Dollar, which appears to be heading towards the prior zone of resistance (as potential new support) that runs from 94.08-94.30. We’ve seen support show a bit-higher since the breakout from two weeks ago, around 94.44; but a move below this level could increase the attractiveness of longer-term ... (full story)