Uncle Buck Updated – May 15, 2015


Today USD is bouncing to test the breakdown from the support at 94 (+/-).  I am neutral now on USD for the short-term and expect the down channel to eventually find support, per one of the levels noted on the monthly chart yesterday.

The down channel is not as bearish as an up channel would be.  An up channel off of a top and hard down is often a Bear Flag.

 

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