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Chart of the Day: Will the US Dollar Finally Break Its Long-Term Downtrend?

May has been a great month for the US Dollar, rallying nicely off of its lows.  Lets take a look at the US Dollar Index over the past year….recently breaking the short-term downtrend channel, and days away from breaking its long-term downtrend channel…Will it rally and break through or find strong resistance and come back off?

Will the US Dollar Index break through its downtrend channel?
Yes
No
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Source: Bespoke Investment Group

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