The US Dollar Index is approaching the 100.30 2002-2020 where it should fail, according to analysts at Commerzbank.
Key quotes
“We have TD resistance at 100.44.”
“A close above 100.44 would introduce scope to 101.80, the 61.8% retracement and the 103.82 January 2017 high.”
“The market will need to go sub 97.80 (below the 55, 100 and 200 day ma) in order to alleviate immediate upside pressure.”
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