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How to Use the US Dollar Index to Profit in Forex

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Published on Jun 29, 2012

Some of the easiest trade opportunities to spot in forex come in a divergence between two things that track each other closely. In today's must-watch video, Sean Hyman, Editor of Currency Cross Trader, focuses on one of these special relationships between the US dollar index and the USD/NOK (US dollar vs. Norwegian krona) pair. Sean overlays the two on a weekly 3-year chart to demonstrate how closely the two track each other and explains why USD is the driving currency behind the pair despite the fact that NOK is one of the world's most fundamentally sound currencies. He also highlights a potentially lucrative opportunity in the pair. You won't want to miss this video, so make sure you watch today!

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