Saturday, August 30, 2014

US Dollar Index hit resistance

US Dollar Index had hit another resistance level, may pose for some pull back.

USD Impact currencies/Gold/Crude(wow)

Below is a weekly chart with 50 SMA.
GBPUSD closed with +ROC (Closing Price > Opening Price), technical rebound may continue
USDJPY closed with -ROC (Closing Price < Opening Price), watch for direction, there is a LHF or HLF formation
USDCAD seem to have found some support while AUDUSD broke LHF; both show strength.

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