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Here's Why King Dollar Should Continue Soft For A While

By  |  Forex  |  May 09, 2013 04:23AM GMT  |   Add a Comment
 
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King Dollar
King Dollar

The 8-year falling resistance line continues to cap the USD upward movement of late. As the USD was hitting this line, bullish sentiment levels reached almost 80% recently.

Sentiment has backed off a little, yet remains elevated at 65%. This combo suggested that the USD remains soft for a while!

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