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Veteran technical analyst and frequent contributor Chris Kimble starts off the business week with an interesting call on the U.S. Dollar.
Chris comments:
The U.S. Dollar has declined almost 7% since the first of the year. Good news for the U.S. Dollar has been very hard to find.
During the decline a bullish falling wedge at support looks to have taken place.
The pattern suggests that a short-term rally in the dollar could be close at hand. If so, it could impact a variety of assets.
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