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Over the past 10-years, the U.S. Dollar has lost over a third of its value, inside of a falling channel. Earlier this year the Dollar broke above the 10-year falling channel and then fell in price as investors became too bullish on the Dollar (80% Bulls).
Now the US$ is making another attempt to break above resistance line (1) in the above chart as several key U.S. stock index’s are at important support lines in the 4-pack below.
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The election is now behind us and I pray our elected officials can come together and make quality decisions to move this country forward in a positive direction.
How the Dollar handles resistance and the major U.S. Index’s handles support is going to be very important for portfolio construction in the weeks and months ahead!
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