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TFC Commodity Trading Forum

U.S.$ Index/Back to its 200ema *PIC*

DX has pulled back from the 81.50 double top price resistance to its 200ema. Price tends to respect this moving average historically when above as support and when below as resistance. While this is not actual price support this level is also between the Fib 50% and 61.8% retracement level of the Oct to Jan rally where corrections often end. A rally in DX would trash most inverse markets and put an end to many rallies.