My technically bullish outlook for the dollar is none the worse for late November’s swoon. That swoon, incidentally, bottomed to-the-tick at the p midpoint resistance-cum-support of the pattern shown. Its ‘D sibling lies at 81.11, which if achieved would challenge key highs made a year ago. I will have more to say about this in a commentary later this week, but for now you should be aware that a move above 80 could trigger a massive unwind of the dollar carry-trade.
