Sunday, April 18, 2010

US Dollar index chart analysis


I refer to the post I made regarding the USD index on December 23, 2009, when I gave a buy signal. This buy signal is still valid today as the 20 day moving average is still located above the 50 day moving average. As long as no crossing of these two moving averages occurs, I stay long on the USD index which closed on Friday at 80.79. My target? 86-87.

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