From the Desk of Ian Culley @IanCulley
Dollar bulls, be warned!
The US Dollar Index $DXY is sliding toward the lower bounds of a multi-month range.
Yes, it’s still a sideways mess. And it will remain a mess as long as its former support level holds.
But based on the most recent data, my money is on a downside resolution for King Dollar.
Especially when I consider last week’s breakout in Canadian dollar futures…