The dollar recently tapped a weekly AB=CD (see black arrows) 127.2% Fib ext. point at 91.81. Price is showing promise from this angle thus far. Meanwhile, over on the monthly chart, the USDX is seen shaking hands with monthly support logged at 92.29, which unites closely with an impressive Fib support cluster.
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IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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