Dollar up-trend continues !
The US Dollar Index is testing support at 81.50/82.00. Respect of support and the rising trendline would confirm the primary up-trend is intact, offering a target of 86.00*. Breakout above 83.50/84.00 would confirm the advance. In the longer term, expect a test of the 2010 high at 88.50
However Failure of support at 81.50 is unlikely, but would warn of a trend reversal.
LTP - 82.58
No comments:
Post a Comment