Tuesday, August 4, 2009

U.S. Dollar Technical Analysis (Part 2)

U.S. Dollar chart:
Dollar could not hold on to the 78.34 support that I mentioned in previous post, if dollar can move above the 78.34 it has chance to move higher. Next level to watch is 76.17 support. Note that Fundamentals do not support the strong dollar because Bernanke & company printed so much money and continuing to bailout his bodies in Wall Street.