Jack Nicholson made the line “You Can’t Handle The Truth” famous in the movie a Few Good Men.
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The truth about the U.S. Dollar…Three differnt times in the past 15 months the Dollar has hit line (2) and declined in price. The rally in the Dollar of late has taken it near this key resistance, line for the 4th time.
Another truth about the U.S. Dollar….The Dollar rallied in November and December and risk assets didn’t fall in price.
Until the Dollar can take out the resistance around the 82 level, it remains at the top of a trading range.