About a month ago, we posted a chart on the US Dollar pointing out that bulls should treat a rally in the currency as a marathon and not a sprint. After declining in the latter half of May, the Dollar was able to hold the bottom of its newly formed uptrend and head slightly higher again. Below we provide a chart of the currency, highlighting its trend channel. If things continue in their current direction, we have a little more to go on the upside before the Dollar reaches the top of its uptrend channel.
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