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US Dollar Index – Daily Chart 22nd April 2009

Daily Candle Chart - US Dollar Index 22nd April 2009

There was little change in the dollar index yesterday reflecting the current lack of fundamental news on the economic calendar and it closed the day on an indecisive doji cross.  Given the dearth of news (other than things are very bad) we may see the same price action occur today and the only conclusion that we can draw is that following the breakout from the triangle pattern of the last few weeks and with the index firmly above all three moving averages we should see some US dollar strength in due course but only and until the price breaks above 8950.

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