Thursday, January 13, 2011

US DOLLAR INDEX

US Dollar Index

The US Dollar Index is consolidating between 79 and 81.50. Upward breakout is more likely, especially considering that Twiggs Momentum(21-day) is holding above zero. Breakout would signal a primary advance with a medium-term target of 84*, while reversal below 79 would test primary support at 76.
US Dollar Index
* Target calculation: 79 + ( 81 - 76 ) = 84

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