15 March 2011

USDX : Testing Critical Support

  • Monthly : Important support line at 76.27 being tested now (currently trading 76.33). Can see this going down a long way if we close this month below 76.27.
  • Weekly : On course for 75.63 downside.
  • Daily : Negative price action today (high 76.75). Could not muster enough strength to have a go at 76.88 resistance even with the help of Japan nuclear disaster.

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