Since the last post on the USD, there was a rebound to the $78 level, before another breakdown, which broke the lower critical support line. However, given the positive RSI divergence, this could be a false breakdown as the subsequent sharp rally seems to suggest. A rebound is possible towards $78 level initially, implying a pause in the current rally in world markets. On the other hand, a failure to break back up above the line will point towards a much lower USD & higher stock prices in the medium-term.
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