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Thursday, November 5, 2015

$USD Index testing resistance


The $USD Index daily is testing resistance ahead of the NFP. What happens here will be very interesting. I would not like to say what will happen. The October print was a miss. If the number is close to forecast or better than, you would expect there to be a breakout on this chart by the end of trade for the week. The USD/JPY broke out above the range but it has settled into consolidation above support.


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