US Dollar Index Trying to Recover
08 November 2012
WEEKLY CHART:
Weakness has seen a move towards the 50% retracement, where support has kicked in.
DAILY CHART:
After the Sep low the Index turned consolidative. Recent strength has seen an approach to resistance offered by the old channel base around 81.000. Beyond here the 81.186 19-Jun low is the next hurdle. Recovery through this would be a bullish sign.
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