Disclaimer

Investing involves some degree of risk. Investors should inform themselves of the risks involved before engaging in any investment. I accept no responsiblity for your failures as an investor. Disclosure - Long physical Gold, Silver, and mining companies.

Wednesday, July 22, 2009

USD Dollar Chart

A quick look at the US Dollar Index Chart......Upside resistance appears at 81.50 and downside resistance appears at 75. A close number to watch is 78.31 which is a major downside Fibonacci retracement level. If this number is broke on the downside, look at 77 and 78 to provide further support. The dollar is currently trading sideways and a move either to the upside or downside should occur in the next two weeks.



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