News / Foreign Exchange
The USD has finally reached our first area of resistance. Upon reaching 47, the dollar encountered some resistance to correct to 46.86. But we see that this is just a temporary correction as the dollar is still bullish. Its price is still above all three moving averages. The MACD is showing us that the momentum for the dollar to go up is still intact. We expect to see the dollar reach the target we called for earlier, but six months before our expected deadline. It’s going to be an expensive Christmas after all. 
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