RE:$4/Pound Remains a valid targetCopper prices are trading lower this Wednesday, as investors capitalize on the rising US Dollar (the counter asset in the XCUUSD pairing) to take profits. A more expensive dollar makes dollar-denominated commodities more expensive for buyers that require conversion of their local currencies to the greenback (such as China and Europe). This typically tends to cause demand to cool, leading to a drop in the prices of these commodities in the short term. However, the downside on the XCU/USD pair appears to have been limited by the prospects of sustenance of high demand as the global economy pushes towards recovery.