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March 13, 2017 | US Dollar: Failed at resistance; needs to hold support…

Jack has over 20 years experience in the currency, equity, and futures arena. He is an investment advisor who has held key positions in brokerage, money management, trading, and research. Jack is founder and president of Black Swan Capital LLC. He was also founder of Ross International Asset Management (specializing in global stock, bond, and currency asset management for retail clients) and General Manager of Plexus Trading (specializing in currency futures and commodities trading).

US $ Index 4-hour View [last 101.26]:  Nope.  The dollar index could not get through the 102.26 area defined as key resistance.  Now breaking lower in what could be a multi-day move lower.  We are now labeling the rally as a zig-zag corrective pattern in place, now in minor [c] of 2 lower…watching for support in the 100.50-20 area…below there and concern for a much deeper move lower builds…

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March 13th, 2017

Posted In: Black Swan Currency Currents

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