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Scandex Market Update – April 14

Scandinavian Capital Markets

USDOLLAR could still get to 12400/45 but the drop is now in 5 waves so reversal risk is high. Also, price has reached former resistance from the October high, February high, and the 3/16 low so this is a good spot for a decent reaction anyway. Confidence in immediate direction isn’t high but I’m on alert for a turn higher.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/scandex-market-update-april-14/
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