Protected: An Update : #USDOLLARINDEX #EURO #GBP #YEN #CAD #AUD #MexicanPeso #Yuan #RupeeIndex – #AnirudhSethi

What Are the Most Commonly Traded Currency Pairs?Dollar Index:  The CPI-higher rates sparked a rally in the Dollar Index that stalled at the (61.8%) retracement objective (~90.90) of the decline from the high seen in the middle of the previous week, which is also where the 20-day moving average is found.   The Dollar Index has not closed above its 20-day moving average in over a month.  A break of 90.00, near where the lower Bollinger Band starts the news week, signals a test on the February low near 89.65.   Beyond that is the low for the year set in early January by 89.20, a three-year low.  The momentum indicators seem somewhat supportive, but the weak close ahead of the weekend means that they may play catch-up.

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