Wednesday, February 10, 2010

USDX Possibilities

 
Above is a bullish USDX Chart. A break above the downward sloping resistance line will be a very bullish sign, and will likely signal the end of the correction.
















Above is a short term bearish chart. Price has stalled at the 61.8% Fib of the sharp move down and the intensity of the rebound from 7966 has shown little follow through. It is possible the USDX will fall to another low before continuing with the longer term trend.

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