Wednesday, January 18, 2006

US Dollar

Here is an updated hourly chart of the cash US Dollar index.

I had expected the market to drop to 88.20 before resuming its bull market but I have changed my mind about this. I now think that the reaction low occurred at 88.73 and that the market is now headed up to 91.40 and evenutually above the 93.00 level.

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