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Scandex Market Update – April 9

Scandinavian Capital Markets

Downside focus for USDOLLAR remains 12400/45. A drop to there probably completes 5 waves down from the March high. Near term, the drop from this week’s high is in 5 waves so I’m looking for a bounce before additional weakness. Resistance should be 12650. The longer term chart is reproduced below.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/scandex-market-update-april-9/
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