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FxWirePro: US Dollar Index upside capped by 20 –day MA, good to sell on rallies

  • U.S dollar index shown a minor jump till 92.66 yesterday after making a low of 91.01.The index is currently trading around 91.83.
     
  • The upside is capped by 20- day MA, daily Kijun-Sen and trend line resistance at 92.60. Any close above this level confirms bullish continuation and a jump till 92.95 (34- day EMA)/93.11 (23.6% retracement of 99.89 and 91.01).
     
  • On the lower side, minor support is around 91.62 low made on Aug 29th 2017 low and break below will drag the index down till 91/90.

It is good to sell on rallies around 92.15-92 with SL around 92.66 for the TP of 91.

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