Dollar Index managed to stay within consolidation
The bearish movement of the United States Dollar Index was extended last week and was poised for a reversal. Supported by the 110.0 level key support region, the Dollar retraced some of its loss but was unable to push higher from the minor resistance at 110.885 region. If price managed to push pass 110.885, we are likely to see the Dollar push towards 111.665 region while if price breakout of the 110.0 support region, we could have a potential reversal (bearish confirmation) of the Dollar.
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