Tuesday, May 1, 2012

Plummeting US Dollar (2012-05-01 DXY analysis)














Above is the daily chart of US Dollar Index (.DXY). It appears that it has just confirmed the flag breakdown by the rejection of re-entering the flag, by the lower up-trend line. Target will be at 75.5 but the green medium-term support will give strong support too. So watch out the level given by this line.

Have a good holiday.

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