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12 Mar 2013
Forex: US Dollar Index flat around 82.60
The US Dollar Index, which tracks the greenback against its major competitors, is posting meagre gains on Tuesday, hovering over the area of 82.60
In the short-term, Analyst David Solin at FXA.com, commented, “… the sharp gains from Feb 1st are seen part of a much larger period of wide ranging (months) and not the start of a major, new up leg… Nearby support is seen at the bullish trend line from Feb 20th (cur at 82.10/20)”.
At the moment, the index is up 0.02% at 82.59 and according to tradingcentral.com, the next resistance levels align at 82.85, 83.15 and 83.30; support levels lie at 82.50, 82.30 and 82.05
In the short-term, Analyst David Solin at FXA.com, commented, “… the sharp gains from Feb 1st are seen part of a much larger period of wide ranging (months) and not the start of a major, new up leg… Nearby support is seen at the bullish trend line from Feb 20th (cur at 82.10/20)”.
At the moment, the index is up 0.02% at 82.59 and according to tradingcentral.com, the next resistance levels align at 82.85, 83.15 and 83.30; support levels lie at 82.50, 82.30 and 82.05