US Dollar Index Maintaining Acceleration Characteristics
Chart Prepared by Jamie Saettele, CMT
-The rally post-election has covered the entire channel and then some. Monday’s close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) was support earlier this week (on Tuesday’s dip).
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