Sunday, January 31, 2010

U.S. Dollar weekly 50

The U.S. dollar has had a big rally the past 2 months, now this rally is close to major resistance at the 50 week moving average(green dashed line on the chart above) at $80. It should stall there, and possibly come back down to retest the 200 day moving average at $78.50. The February R1 monthly pivot is at 80.65.