Closed 2009 at 77.92 >Dec08 spike bottom at 77.69.- Monthly : Large white candle taken us to highest closing since Sep09. Have to interpret price action as a reversal of the downtrend.
- Weekly : Descending wedge reversal confirmed when we took out 75.28 earlier in Dec09 (after NFP). Current consolidation around 78.00 looks like a bull flag. If so, objective is around 81.50 (or appx 4 big figures from wherever a possible pullback lower ends).
- Strategy : Start 2010 bullish USD.
01 January 2010
USDX : One Chart to Rule Them All
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