US Dollar Technical Analysis: Oscillating in Narrow Range

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A daily close below the 23.6% Fibonacci retracementat 11379 exposes the 38.2% level at 11291. Alternatively, a turn above the 14.6% Fib at 11434 opens the door for a challenge of the December 8 high at 11522.
Our long-term fundamental outlook calls for a broadly stronger US Dollar against its major currency counterparts. With that in mind, we are holding long via theMirror Trader US Dollar currency basket.

 

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