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USDX technical analysis for June 23, 2015

The US dollar showed signs of strength yesterday and early this morning but bulls need to be very cautious as we are approaching very important short-term resistance area. A trend remains bearish as the price is heading towards lower lows and lower highs.


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Red line - horizontal resistance broken

The US Dollar Index managed to break above the short-term trendline resistance levels. This is a bullish sign. Support is at 94.40 and at 93.77 now. The price remains below the Ichimoku cloud that implies the trend remains bearish.


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