Market Leader informed
North American business circles believe that the strong US dollar won’t do the US any good.
That is why they started lobbying the weakening of the national currency. It should help the American exports and support the producers.
After previously losing its ground to meet those needs, the USD index has finally made an upward H8 FZR* and formed bullish wave a (C )/C of level H4, which indicates the strengthening of the US dollar, experts from the Department of studying Masterforex-V trading system say.
If it is shortened wave C, then there will be a sharp reversal for bearish wave a(C )/C of level H8, with further perspective for C of D1. Such a scenario will take place if there is a breakout of the bullish MF pivot (1.6900) and bullish the MF sloping channel. Otherwise the uptrend of the USD index will hold true.
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