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Dollar index bouncing nicely off major support!

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Indeks Mata Wang Dolar A.S. (TVC:DXY)  
Tickmill Broker  
TVC:DXY   Indeks Mata Wang Dolar A.S.
Trend Analysis Harmonic Patterns Chart Patterns DXY dollarindex dollar USD dxylong dxyidea dollarlong dollaridea Forex
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trendanalysis harmonicpatterns chartpattern dxy dollarindex dollar usd dxylong dxyidea dollarlong dollaridea forex
The dollar index is bouncing strongly above major support at 93.39 (Multiple Fibonacci retracement, Fibonacci extension, Horizontal overlap support, bullish price action). The next major level of resistance is at 94.28 (61.8% Fibonacci extension, 100% Fibonacci Extension, Horizontal overlap resistance). The next major level of support is at 92.26 (Fibonacci retracement, horizontal swing low support).

Stochastic (34,3,1) is bouncing nicely off our 2.8% support and has good upside potential.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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