Monday, September 21, 2009

Dollar Views!!!

A quick take on the USD index, below is the weekly chart ending with a Doji and that too right at important support turns resistance turn support zone (marked in blue band)? This is a good support for a breather and perhaps a lunge at the 20 periods MA. Anyway trading above 78 would be a sight for sore eyes of the Dollar bulls!





And the daily chart too shows some pause with positive divergence on the indicators. A Wolfe wave in the offing (shaded in green)??? Let’s see how this one pans out!







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