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Wednesday, January 21, 2015

US $ At An "Interesting" Level

USD hit major price and double-Fibonacci resistance at 93.00, as shown on the following Weekly chart. A break and hold above that level could prove "interesting" for other world currencies (Euro, Canadian $, Swiss Franc, Japanese Yen, etc.)...(at the time of writing this post, the Canadian $ is -1.83 at 80.77).

Volatility in currencies has certainly been the norm, of late.