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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, Gold
The US Dollar finished last week in a very bearish manner. Prices in DXY ran down to a fresh monthly low after the release of NFP data and the currency pushed into and found support at the 105.00 level to finish last week. I had highlighted that level before as it’s a key spot for the Greenback, as 105 is not only a psychological level but also the 38.2% Fibonacci retracement of the 2021-2022 major move. That level was tested a bit more after the weekly open but bulls began to return on Monday, and that led to a consistent run of strength through the rest of the week with price pushing back up to, and eventually ... (full story)