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USD Index 25 May 2010

USD Index 25 May 2010

The dollar index continues to trend higher with yesterday’s up bar closing back above all four moving averages once again and with the low of the day finding solid support from the 14 day moving average.  In today’s trading the index has pushed higher once again it attempts to break above 87.46 where prices have stalled so far today.  Any break and hold above 88 will signal the potential for a strong move higher as a clearance at this level will leave the major resistance behind, and able to act as a platform of support for a further sustained rally in the dollar.

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