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TFC Commodity Trading Forum

U.S.$/ Breaking out *PIC*

DX is breaking out above the early June high (double top) and trashing inverse markets. This is another important breakout. Next 'major' resistance level is the March/09 & June/10 high of 89.70. Inverse markets will have one hell of a headwind to deal with on a further rally of DX. Price must close and hold above the present double top to confirm the breakout.