Wednesday, December 15, 2010

Dollar analysis

I think it is important to note that dollar made an impressive move today. Considering that it was up over 1% today, it is surprising that the market didn't end more down. After the action today, the chart again looks bullish, and the next resistance lies at 80.40. A break of this and we could easily see 81.44. Keep an eye on the dollar for a tell on where the markets are headed!

Take care and good luck!

P.S.: Here is the link to gold analysis.

No comments: