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Monday, April 18, 2016

Update on Dollar Index


The US Dollar slides against its major counterparts on Friday due to tedious US economic report released. 

The US Industrial production fell more than expected in March, consumer sentiment index came at 89.7 in April lower than expected.




Dollar index currently trading at 94.75 has major support 93.60 and resistance at 95.50. 

If closes above 95.50 it can touch the level of 96.35 else it will test its resistance level of 93.60.


More will update soon!!