Wednesday, May 22, 2013

The Dollar is Rallying

The dollar ETF bounced along the 21.6 price area for the September-February period, with a brief rally to the 50% Fib level from the July-August sell off.  Starting in February we see a rally, the hit resistance at the 61.8% Fib level from the same sell-off.  Now prices have cleared resistance at all Fib levels and have room to rally to the lower 23s/.