Last 78.71- Weekly downtrend line resistance at 79.18 this week (declining at rate of 37 pips per week)
- Given my inclination for Risk Off (see recent posts), am a buyer on a break of 79.18. Don't jump the gun. Wait for confirmation!
- Cable and Loonie charts already showing signs of possible turning. EUR and AUD are toppy as well.
26 August 2009
USD Index : Watching 79.18
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