Friday, April 2, 2010

USD index: consolidation

It seems we have entered the consolidation mode on USD index. Our position comparing to the previous dollar's wave up is on the chart. I would suggest that the next wave up for the USD index will involve all major currencies as well as precocious mettals. May be, from the fundamental point of view,  it will be provoked by the change of FED's language after some signs of "improved" economy.

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