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USD bulls hoping for a late charge and here's why
Thomas Light from Faraday Research has been plotting the slowing long-term USD bull market but is hoping for a retracement ahead of an anticipated breakout higher.
Thomas says:" If we look at the U.S. Dollar basket on the daily candle chart you'll see
that prices have been staircasing lower within a descending channel. Even Friday's brief rally was sold into therefore we
will remain short the dollar heading into this week. In contrast, the weak us data appears to actually be
positive for U.S. stocks.".
00:55 minutes
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