US Dollar Index – We are seeing the greenback being supported between 94.00 to 95.50 level and is maintaining its course above the channel base of the pitchfork.
A test of R1 resistance at 96.45 was seen today. We need a break above the R1 level for the greenback to continue on its uptrend and test the next resistance level at R2, 97.52 level..
A break and close below 95.00 will bring the bears in full force.
However at the moment the greenback is still within the ascending triangle pattern.
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