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The slide in the dollar and the dollar index in recent weeks has seen it crumble from a high at 110.17 in mid January, to a low at 97.92 on April 21.Since then it has recovered back above the 100 handle and that has delivered a rebound high seen yesterday at 100.37. It also managed to close above 100 last night, at approximately 100.20. The range seen so far today has been covered by 100.17 on the top and 99.62 on the bottom. The noted daily chart configuration looks correctively positive still though, so long as it does not fall below 98.90. It of does then it might render that whole chart dynamic no longer viable. A break above 100.37 from here would tend to endorse the prospect of a further recovery towards 101.26. So, there you have the immediate lines of demarcation. Granted they are pretty wide, but on days like this there is no point in looking at anything too tight, for reasons which should be obvious. The USD index is right now at 99.72
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