January 11, 2011

US Dollar Hour chart analysis

  • US Dollar Hour chart is in correction mode after good up move.
  • If this correction does not break below 50 hour moving average we may see Price breaking above the upper resistance line of the small descending channel.
  • Price should sustain above 81.50 for good up move to happen.
  • Breaking below 50 hour moving average and the support line will be negative for US Dollar.

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