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Forecast of USDX for July 20, 2015

The USDX breached the descending trendline drawn from highs reached at 1985 to highs reached 2002. The index spent considerable time consolidating above that levels, aiming for highs reached 2002. The index breached the previous swing high of 97.78, the nearest resistance is seen at 98.25 and 98.70.

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The material has been provided by InstaForex Company - www.instaforex.com