USD Dollar chart shows a clear "resistance" level (blue line), with a tendency to create "fake moves".
Several attempts to "clear" this resistance level have failed ...
A move below 79.60 on the Dollar index will trigger a gold rally.
It will also trigger a rally in the following currencies on my watch list ;
EURUSD ; long above 1.2930
JPY ; long
GBP ; long above 1.6040
CAD ; long above 1.0240
CHF ; long above 1.0680
AUD ; long above 1.0350
Several attempts to "clear" this resistance level have failed ...
A move below 79.60 on the Dollar index will trigger a gold rally.
It will also trigger a rally in the following currencies on my watch list ;
EURUSD ; long above 1.2930
JPY ; long
GBP ; long above 1.6040
CAD ; long above 1.0240
CHF ; long above 1.0680
AUD ; long above 1.0350
1 comment:
http://www.marketwatch.com/investing/index/DXY
below 79.6 now..
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