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The US dollar rally is running out of steam
Price action is very instructive and it appears that the US dollar is in need of a rest and consolidation after its recent strength. Markets have two types of consolidation – one is time and one is price. During a time consolidation prices find a range trade sideways for a bit and then either move to the next level in the trend or reverse. Look at the Aussie in the 93-95 region recently. The other sort of consolidation is a price consolidation where a move reverses when it runs into a wall of selling. It is too early to tell which of the two the US dollar is about to have. But it seems clear, that for the moment at ... (full story)
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- Oct 6, 2014 6:40pm Oct 6, 2014 6:40pm
- Weakdollar
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