Friday, December 9, 2011

Resistant will be tested again (2011-12-09 DXY analysis)

The resistant on Hang Seng Index is so strong that it could hardly break out. Thanks to ECB and Germany, stock markets in US plunged greatly yesterday night. Today HSI would have to follow, so it would close below the resistant line. Will update further on the index next Monday.

Today let's look at the USD Index (DXY).
















Everything is on the chart. Looks like the US Dollar has a bit strength to test the resistant again.

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