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DXY: Sell on rallies

Trend line resistance- 98.76

 

DXY has halted its 10- day on winning streak and shown a minor decline from high of 98.37. The index made a low of 97.03 on May 13th 2019 and jumped more than 130 pips from that level. It is currently trading around 97.86.

 

The near term resistance is around 98.75 (trend line joining 95.15 and 96.79) and any break above will take the index to next level till 99.26/99.75.

 

The near term support is around 97.68 (20- day MA) and any violation below will drag the index till 97.35/97. Any major weakness only below 97.

 

It is good to sell on rallies around 98.10-20 with SL around 98.75 for the TP of 97.02.

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June 19 03:00 UTC Released

NZRBNZ Offshore Holdings

Actual

51.3 0

Forecast

Previous

51.2 0

June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 737785737785m

ARTrade Balance

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Forecast

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-1541 %

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737785737785m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725965725965m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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