Daily chart: The USDX is trying to break the resistance at the 80.62 level, but has not achieved it yet due to indecision in the USDX. The USDX is likely to conduct a bearish rebound at the current levels and fall to support at the 80.11 level. On the other hand, if the USDX manages to break this support, it is expected to fall to the level of 79.65, to form a higher low pattern and fall back to the level of 79.19. The MACD indicator is entering extreme oversold zone.
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Friday, September 27, 2013
USDX: Daily analysis for September 27, 2013
Daily chart: The USDX is trying to break the resistance at the 80.62 level, but has not achieved it yet due to indecision in the USDX. The USDX is likely to conduct a bearish rebound at the current levels and fall to support at the 80.11 level. On the other hand, if the USDX manages to break this support, it is expected to fall to the level of 79.65, to form a higher low pattern and fall back to the level of 79.19. The MACD indicator is entering extreme oversold zone.