Sunday, April 13, 2008

USD Update for 04.13.2008

U.S. DOLLAR INDEX - DX AO

Monthly chart shows no buy signal/pattern evident on this timeframe.

Weekly chart shows consolidation/trading range. No buy signal/pattern evident on this timeframe.

Daily chart better shows the consolidation range. Is the consolidation complete? Look to next week to have better idea of short term direction. Overall, the chart pattern remains bearish and expect the low to break sooner or later.

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