Sunday, October 25, 2015

Dollar Index surge above 97.0

Dollar Index on Tue and Wed was inside day of Mon (19 Oct).  On Thur, ECB’s Draghi hints at more QE in Dec while PBOC lowering the one-year benchmark bank lending rate by 25 basis points to 4.35%, these 2 news causes Dollar Index to broke few resistance levels when closed on Fri.
Resistance at TL1, 98.4
Support at 97.0, TL6, 96.3, TL7

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

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