Saturday, February 5, 2011

USD looking down the rabbit hole!

Last update on the USD saw a breakout out of the downtrend, and a struggle up towards $81, before trending down for a back-test of the uptrendline. Looking for a consolidation between the two trendlines. A sustained break below the lower trendline is long-term bearish for the USD, and thus bullish for commodities and stocks. Watch this chart!

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