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USD Index Could Make A Corrective Bounce


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Oct 08 2013

On Friday we mentioned to our members that downside on USD Index is limited which has proved correct as prices are already recovering from latest low. In fact, recovery is not a surprise after five waves of decline, bullish RSI divergence plus an ending diagonal placed in wave (v). These are all important pieces that put USD index in a recovery mode, for a minimum three wave rally. This three wave rally, in (a)-(b)-(c) structure can reach 80.73 figure which was wave four swing high.

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