-
USD Looks Higher Despite Being Overbought, AUD Outlook Hinges On RBA
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.11 percent lower from the open after moving 110 percent of its average true range, and it looks as though the greenback has carved a short-term top coming in June as it threatens the upward trending channel carried over from the previous month. Although currency traders are look for a short-term correction in the greenback, the recent selloff in the USD may turn out to be a false break, and we will keep a close eye on the 30-minute relative strength index as it bounces back from oversold territory. As the oscillator continues to find support around 27, we ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Jun 4, 2012 12:54pm Jun 4, 2012 12:54pm
- hajeed
- | Joined Nov 2009 | Status: Member | 176 Comments
- Comment #2
- Quote
- Jun 4, 2012 4:27pm Jun 4, 2012 4:27pm
- hajeed
- | Joined Nov 2009 | Status: Member | 176 Comments
- Comment #3
- Quote
- Jun 4, 2012 4:59pm Jun 4, 2012 4:59pm
- Eric D
- | Joined May 2012 | Status: Trade Simply | 19 Comments