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FX.co ★ Technical analysis on USDX for October 08, 2014

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Forex Analysis:::2014-10-08T04:43:08

Technical analysis on USDX for October 08, 2014

Technical analysis on USDX for October 08, 2014

We recommend buying at the current market price at 85.66, using sl 85.18, with targets at 85.90, 86.00 and 86.10 levels. The prices are closed and trading below hourly key moving averages 12ema. In the early Pacific hours, the price was rejected at 34hrsma and drifted lower to 20Dsma. The prices are taking multi support at 85.18 in the h4 and daily chart. In case if the price falls below 85.18, it has the nearest intraweek support at 85.07 20Dsma. In case, the price closes below 85.07 on a daily basis, the intraweek trend turns down. The prices are consolidating in a trading range between 86.22 and 85.18. We can expect huge buying above 86.22 levels.

Technical analysis on USDX for October 08, 2014
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