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goodguy
Mar 16, 2017 3:32 PM

US dollar drops out of up channel. 

US DOLLAR CURRENCY INDEXINDEX

Description

A couple of week ago I set a target for the USD which was hit and suggested downward action likely to follow (see link below). So far looks good. Next support is at 98.76. If taken out it is very likely the longer term uptrend line will be broken as well with the potential for major down action. If so would likely have a positive effect on oil and the precious metals.
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