USD Rallies, Testing Important Resistances |
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USD Rallies, Testing Important Resistances The dollar gained against most key currencies on mixed US economic data as jobless claims rose to an over 6-year high but June pending home sales unexpectedly increased over 5%. The dollar is overbought, at important technical resistances against its rivals. This may lead to some short-term consolidation, but the long-term USD outlook is positive. The dollar block currencies continued declining as their term-of-trade deteriorated on falling commodity
Filed under: Technical
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