DOLLAR.IDX/USD could still edge higher

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Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuySell
Aggregate⇗⇗⇒

[ANNOUNCE]Since last week's trading sessions, the dollar index, which measures the US Dollar against a basket of major currencies, has surged by 122 pips or 1.32%.[/ANNOUNCE] The index breached the 50– and 200– period SMAs this week.

Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the dollar index could continue to edge higher during the following trading sessions.

However, the DOLLAR.IDX/USD pair could encounter resistance at 93.66 within this week's trading sessions.

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