Monday, April 18, 2011

Dollar Strength Through Resistance

The USD (DXY) charged through overhead resistance today in a counter trade to the S&P news and market action.  Tomorrow might be telling for the continued strength - over night futures are slowly losing steam at time of writing (@1295.75).  The outlook could well include a run up to next resistance @77.5 with a first target @76.5 (Stop @75.25) - need to confirm with tomorrow's price action.  Watching and Learning

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