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The dollar has lost and regained ground against a handful of currencies


28 May 2021

The dollar has lost and regained ground against a handful of currencies as inflation, and job vacancy concerns continue to plague the US even as jobless claims decrease. Both economies are racing to reopen, locking them in the current channel, but Biden’s new plans could push the pair back down. The pair is trading within a channel and highs continue to fall, prices will likely reflect downward off of the resistance level

Netflix: Prices are testing the middle support level and could bounce upward.

Russell 200: The index has shown a Three Outside Up pattern into the resistance around 2269, the trend could have enough momentum to break the line.

#source

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