The dollar has come under pressure tonight and could be in for a test of May’s key low at 72.70. If so, this would likely bring buoyancy to bullion prices in the days ahead, and perhaps more. A target that I’ve identified for the NYBOT Dollar Index implies the selling could bring this vehicle down to 72.04.
Dollar Getting Hit
- July 26, 2011, 4:43 pm
Hi Rick, My 1st day here. Note Dollar form two consecutive (Fri & Mon) inside days. And with todays low deeping below 7 June low, could possibly give the Victor Vic 2B signal. Annotated chart of DX would be well appreciated. Thanks Minoo