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9 Oct 2013
DXY finishes modestly higher – technically sold-out but not many buyers either
FXstreet.com (Barcelona) - The action in the DXY Tuesday was indicative of a security or index that was up because there were not any more aggressive sellers around – not necessarily because there was waves of buyers coming into the fray.
DXY just waiting for DC compromise to explode higher
Today was the first time in a while where the risk bulls failed to make their presence known – at least that was the case during the US session. The risk players decided to boycott US equities, but they didn’t follow through on the currency side with the greenback. The lack of sellers allowed the DXY to rise modestly.
Technical outlook for DXY
Technicians say the DXY still faces resistance at 80.13 and should, in theory, be set to make another move lower. They are anticipating a final move down to 79.00 at some point soon.
DXY just waiting for DC compromise to explode higher
Today was the first time in a while where the risk bulls failed to make their presence known – at least that was the case during the US session. The risk players decided to boycott US equities, but they didn’t follow through on the currency side with the greenback. The lack of sellers allowed the DXY to rise modestly.
Technical outlook for DXY
Technicians say the DXY still faces resistance at 80.13 and should, in theory, be set to make another move lower. They are anticipating a final move down to 79.00 at some point soon.