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The U.S. Dollar has rallied almost 10% since the first of November. The support line on this rally is attempting to give way. A natural event would be for the Dollar to rally and test the underside of the old support line as “New Resistance!” We will learn a ton per how the Dollar acts on this key test at (1).
We will find out very soon if the relative strength in Banks, Real Estate and Emerging markets will continue, due to this test.