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Scandex Market Update – May 21

Scandinavian Capital Markets

It ‘feels’ like the USD is on the verge of breaking down. That said, USDOLLAR is back into important support (line off of 2011 and 2014 lows and a major horizontal level…see weekly chart below). Support is support until broken so respect bounce potential with resistance near 12520.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/05/21/market-update-may-21/
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