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March 28, 2012

US Dollar Index (USDX): A sideways market waiting for breakout

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The market has not been decisive with the direction of the USD so far in 2012, although there is some bearish bias. In the short-term we can say by looking at the 4H chart, that the USDX is trading down in a bearish channel after anchoring out of a bullish channel. Still if 79.00 holds as support... FF News: Technical

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