Saturday, September 5, 2009

Dollar Views!!!

See the monthly chart of the Dollar Index given below and you will get the idea why it is so very important for Dollar index to hold on to $78/80 zone! It’s an important pivot point (61.8% fib retracement drawn from 2008 lows to 2009 highs). A break down from here straight goes to test $75 and then perhaps a test of lows???



Ps: not posting the daily chart coz nothing major changed in that!!!


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