Friday, August 29, 2014

Updated Dollar Chart -- The Greenback Bumps Its Head

Here's an updated U.S. dollar chart. As predicted the U.S. Dollar Index went up to test overhead resistance at 82.70. As expected, it bumped its head.

(Updated chart)

Is the rally over? It's hard to say. Momentum still looks strong, and it's not unusual for anything to pull back before plowing on ahead. Next week should give us more clarity.  Have a nice long weekend.

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