Tuesday, December 20, 2016

Dollar Momentum Can Continue Near Term, Maybe Not Long Term

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*The dollar broke out and looks like it has some more to go.

*We'll review what level we're watching to confirm this move.

*We are not sold in this turning into a longer term up trend.

On December 12th we said, "Dollar About To Make Historic Breakout." Rates at home and inflation abroad are making the dollar more valuable. These trends can continue in the near term but probably not longer term.
The Dollar Did It

Source: Interactive  Brokers

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