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The US Dollar Continues to Slide Against the Sol
Currently, the pair is trading at 3.7250 nearing its 3.7013 Feb 18 support.
Dollar sol has been in a downtrend since the 4.1448 Sep 30 2021 high. The Elliott Wave Structure down has price completing a Minor Degree B wave of a larger impulse down at Intermediate degree. This would make this triangle the internal of intermediate wave 4 yet complete.
Given the swing up from the 3.7013 Feb low to the 3.8059 Feb 24 high, this triangle could complete at the center EW impulse channel trendline. This would keep price ranging between the 3.7013 and the 3.8089 well into mid April.
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