"Click on the chart to zoom in."Dollar could find support at 78.34 and it's headed to test the 50 SMA ,if it can move above the 82.6 it has chance to move higher. the failure to move above the 50 SMA will cause the big drop in dollar. Note that Fundamentals do not support the strong dollar because Bernanke & company keeps printing money and continuing to bailout his bodies in Wall Street.
It's a sad day for America when our secretary of the treasury takes his begging bowl to China to convince them to buy out debt, The irony is when Geithner told to one students in Peking University “Chinese assets are very safe,”. His answer drew loud laughter from his student audience, reflecting skepticism in China about future of dollar and U.S. Treasury.
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