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From : FX Daily Hotline: 27 March 2015
Chart of the day: DXY bounces...


In yesterday's report, we pointed out that the US Dollar was down against the six members of the US$ Trade Weighted Index, and that as a result the gauge was likely to be heading for uptrend support at the 50-day moving average.  DXY did indeed slip towards that line before finding intraday support at 96.17. 

The Greenback is generally trading in a stable manner this morning and was up against all the constituents of its index a short time ago.  We watch to see whether the correction from overbought reverses.



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