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USDX technical analysis for June 8, 2015

The US Dollar index has bounced as we expected from the 61.8% retracement of the rise from 93.10 to 97.80. But it has found strong resistance at the Ichimoku cloud in the area of 96-97. The upward bounce has reached the 61.8% retracement of the decline from a high of 97.80 to a low of 94.64. A bearish reversal looks very possible.


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