US Dollar Index: Risk of a deeper pullback on a break below 106 – SocGen DollarIndex Banks
“Lower limit of the ascending channel since February at 106 is near-term support. Daily RSI is also approaching the lower band of its bullish territory which denotes 106 could be an important level. Only if the index fails to defend this support, there could be a risk of a deeper pullback towards August low of 104.60/103.80.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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