US Dollar Index Forecast January 24, 2013, Technical Analysis

The US Dollar Index went back and forth during the session on Wednesday, but essentially finished the day unchanged. The market is currently stock insignificant consolidation, so this of course makes sense. Also, there were no real major are shattering events over the last couple of days, and this of course led the market simply kind of churn in the general vicinity that it’s and.

Going forward, we see 79 is massive support, and a break below that area would be a great selling opportunity. However, we also understand that if this market gets above the 81.50 level, we should see much higher prices. Until then, this will be a short term scalper’s type of market.

 

US Dollar Index Forecast January 24, 2013, Technical Analysis
US Dollar Index Forecast January 24, 2013, Technical Analysis

Leave a Reply

Your email address will not be published. Required fields are marked *