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    USDX technical analysis for February 9, 2016 2016-02-09

    The Dollar index has bounced towards the 38% Fibonacci retracement but hasn't reached it. The price remains above weekly support.


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    Weekly cloud and Kijun-Sen support are held and the price remains above both indicators. If this support fails, we should expect heavy selling to push the index lower towards 95 or even 94. Medium-term trend remains neutral as long as we are above the cloud.

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