U.S Dollar Index Long Term Technical Analysis

This year has been rough as coronavirus continues to spread globally. U.S elections also provide traders with a lot of uncertainties. However, the uncertainties have been lifted this month as Joe Biden won the election. Moreover, Trump also has allowed the transition of his administration to Biden. On the coronavirus ground, more companies reported their vaccine trial result. The result is encouraging and it lifted the market. Under the current positive sentiment, the U.S dollar index traded lower. Economic recovery is expected to kick-off when the vaccine is distributed worldwide. Judging from the situation, it … (full story)

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