Saturday, September 13, 2014

US Dollar Index testing monthly resistance level

US Dollar Index continue to test monthly resistance level.

My Post on 30 Aug 2014 (US Dollar Index hit resistance ) mentioned AUD and CAD show strength but this week both broke support and was weaken by 2-3%.  This may due to the weakness in commodities price.   Thus trading by Price-Action is a better strategy rather for short term. 

USD Impact currencies/Gold/Crude(wow)

Below is a weekly chart with 50 SMA


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