Article Archives (2010)
by Ashraf Laidi | Mar 26, 2010 20:06Ashraf Laidi taking off a break from the market and reminiscing of a career that could have been
USDX broke above that key neckline resistance of the inverted H&S formation, coinciding with the 55-DMA. The big question facing the FX market remains whether this is a dollar dead-cat bounce or the start of a longer retracement cycle. The price action on Tuesday highlighted the scope for further gains as it broke some technical levels and neared others. The bid in the dollar was strong and steady even as the news and market sentiment varied.