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8 Jul 2013
USD Index grinds higher ahead of key week
FXstreet.com (New York) - The USD index has edged higher Monday, beginning the trading week on a positive note ahead of the FOMC notes later this week.
This recent movement comes on the heels of Friday’s payrolls in the US, which revealed robust results in June.
USD index poised for 86.00?
“The dailies still have very strong upside momentum and if we can hold the 84.50 level, it looks to me as though we could see a run towards the major trend resistance at 86.00 (61.8% projection of 72.69 to 84.10 from 78.91 is at 85.96.” notes the Jim Langlands, an analyst at FX Charts.
This recent movement comes on the heels of Friday’s payrolls in the US, which revealed robust results in June.
USD index poised for 86.00?
“The dailies still have very strong upside momentum and if we can hold the 84.50 level, it looks to me as though we could see a run towards the major trend resistance at 86.00 (61.8% projection of 72.69 to 84.10 from 78.91 is at 85.96.” notes the Jim Langlands, an analyst at FX Charts.