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US Dollar Index Price Analysis: Recovery targets the 91.40/45 band

  • DXY extends the bounce to the 91.10/15 region .
  • Extra gains look likely on a surpass of 91.40/45.

DXY regains extra steam and finally breaks above the 91.00 barrier on Wednesday, recording at the same time new 3-day highs.

Further upside looks likely in the very near-term with the next interim resistance at the 91.40/45 band ahead of the 50-day SMA, today at 91.67.

Below the 200-day SMA (92.02) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

 

BoJ keeps the steady hand, revises down inflation forecasts – UOB

Senior Economist at UOB Group Alvin Liew comments on the recent BoJ event. Key Quotes “The Bank of Japan (BOJ), as widely expected, decided to keep it
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AUD/USD struggles to stage a convincing rebound, stays in red around 0.7750

The AUD/USD pair closed in the negative territory on Tuesday and came under renewed bearish pressure during the Asian trading hours on Wednesday. Afte
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