November 19, 2010

US DOLLAR Index with 50 DMA

DAILY CHART
HOUR CHART
  • US Dollar index daily and hour chart with 50 moving average.
  • Price in daily chart is finding resistance near 50 DMA.
  • Hour chart is also trading near 50 hour moving average.
  • Important resistance is 79.58. If this level is taken out price will start a trending move above 50 DMA.
  • Support levels are 78.50 and the recent low of 78.24. Breaking these two levels will reverse the trend in hour chart.

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