The chart notes indicate a greater likelihood for another dollar
rally higher, and an additional reason comes from the base out of which
this fiat paper currency has rallied. You can see how the “dollar”
index has been in a base trading range (TR) since 2006, on this chart,
and said base provides the impetus to carry price much higher than has
developed, to date.
The
net results of the chart comments is to expect more backing and
filling, and we are of the mind that higher fiat prices may been seen,
at least until the charts indicate otherwise. (more)
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