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Buzz & Banter

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The 96.20 area for Dec. dollar is being tested this afternoon. This level provided the initial bounce we were looking for when the dollar broke last week. A move below 96.20 IF it occurs, and a print on the chart at 96, would be another sell signal and bring 95.40 into play. As you can see from the chart below it would also allow those short the Dec. dollar to lower their buy to close levels to 97.20, which from here would be a double top buy signal on the chart, though one that would occur below the trend line.


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