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Friday, March 16, 2012
US Dollar Update
US Dollar apprears to be in a short term breakout pattern which has a current target around the 82.50 level. I believe this breakout should carry the USD to at least the 85-87 level in the near future.
Long term trend remains downward and if strong resistance is found going forward at the 85-87 level I believe a drop proceeding could very well take the USD below the 72 level.