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The movements in the currency world have been fairly narrow and boring of late.

The U. S. Dollar continues to find a 9-year falling resistance line (2) tough to break above. The small decline in the US$ of late has taken it down to a 2-year rising support line and driven bullish sentiment down along with it.

King Dollar is due a short-term rally due to the current set up. In the larger picture, the 9-year resistance line remains very strong!

 

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