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The U.S. Dollar has experienced a small rally over the past couple of months (up 3%), taking it back to falling resistance line (1) that has been in place for the past 11-years.
This small rally has created a shift in bullish sentiment towards the U.S. Dollar. The lower inset chart reflects bulls were hard to find a couple of months ago and now its a little easier to find them.
Sentiment is nearing levels where the Dollar peaked over the past few years as it is nearing this key resistance line.
Can King Dollar break this 11-year resistance line, will it be different this time?
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