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Saturday, November 12, 2011

US Dollar Index Ahead : 14 Nov 2011

US Dollar Index Weekly/Near Term Trend & Trading Levels

Best Buy 77 Actual Resistance & Best Short Level 77.76 a break above 78.20 upside Target 79.08/79.50 ; A crack below 76.60 downside Target 76/75.58

TREND

Firm Bullish

TRADING STRATEGY 

There are growing indications that the recent decline in the U.S. dollar is over.Traders can buy on all dips @ or below 77 & average positions if get 76.65 for Weekly Near term Target of 79.50..And also its likely that US DOLLAR  INDEX can Re test the OCTOBER high 80.42

CMP – 77.10

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