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USD Equal Weighted Index - Key Resistance Level

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Looking at an equally weighted index of USD vs. other major pairs shows that historically it is very near critical resistance which has signaled the top four previous times.

I like this view as it offers an alternative to DXY, which is so heavily based on the Euro.

Each of the four previous time USD neared this level a strong reversal soon followed.

Also interesting is that this level coincides with the 50% fib retrace from the massive decline starting around 2002.

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