In this post i would like to update the outlook on the US Dollar as it is been testing critical support since breaking out from its nearly 2 years horizontal trading range in easily November of last year. The daily line chart shows there was a noce clean backtest about a month later to process was complete.

After a short rally during which it made a higher high, The US dollar declined once more to the top rail causing a lot of uncertainty for many traders, after a slight breach of the top rail, the US dollar is now trading back above that very important trend line.
At this point based on the daily line chart, below, there is nothing offering evidence the bull market that started in 2011 is over.


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