July 12, 2011

US Dollar Ascending Triangle update

CHART-II(UPDATED)
CHART-I
  • US Dollar is testing the resistance area of 76.60 level.
  • Price is not able to stay above this level.
  • Sustaining above this level means breakout from an ascending triangle pattern which will favor bulls of dollar in the medium term.
  • Ascending triangle of USDollar was shown in this post

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