Thursday, June 9, 2011

#USDx and pairs update

USDx will probably drop during the Asian session but most-likely will pick-up to the upside again thus expanding its weekly range upwards. A rising channel can be seen on the hourly chart as well as a bull flag being formed on smaller time frames. The flag is very similar to the one observed in swissy (bull), cable (bear), aussie (bear) and fiber (bear).

Will keep you posted.

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