Dollar Index Dramatically Improves To Test Key Midpoint

The US dollar jumped last week after failing near the October low, marking a base in the process.

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The US dollar jumped last week after failing near the October low, marking a base in the process. The subsequent move up has retraced half of the recent weakness and potentially highlights a (weekly chart) higher low. More importantly, the latest strength exposes key trendline resistance (monthly chart).

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