Home > charting trendlines, investing, stock charts, Stock Market, technical analysis > US Dollar testing support… yet again

US Dollar testing support… yet again

The Dollar has been building a base of lower highs over the last two months, but has been unable to punch through upside resistance.  Many commodities and commodity stocks have shown tremendous bullishness over the last week or two, suggesting that the Dollar may resume its decline.  The Dollar will, indeed, likely be a key to future market direction.  It hasn’t broken down yet.  Below, a 9 month chart, showing the US Dollar is testing its support trendline yet again:

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