26th Jul - US Dollar Index Up Against 76.4% Resistance
26 July 2013
WEEKLY CHART:
The Index recently neared the 84.930 76.4% retracement. This has become a key resistance, breach of which would probably see an acceleration higher.
DAILY CHART:
After testing/eroding the May high, and falling short of a channel top projection, the Index has been slipping back. Support looks likely at/above the area of the 81.500 76.4% pullback and 81.331 01-May low. At this stage a drop below the rising support line would be disappointing for the bulls.
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26th Jul - Soybeans Retest Long Term Support