The USDX 50 Simple Moving Average (SMA) is now 0.002 below it's 200 SMA. US Fed discussions regarding shrinking their balance sheet and recent weakness in the EURO have been supportive for the USD. A breakout above ~80.8 would be bullish for the dollar. Technically, the USDX has moved out of an overbought condition.Thursday, February 18, 2010
USDX 50 SMA v. 200 SMA Update
The USDX 50 Simple Moving Average (SMA) is now 0.002 below it's 200 SMA. US Fed discussions regarding shrinking their balance sheet and recent weakness in the EURO have been supportive for the USD. A breakout above ~80.8 would be bullish for the dollar. Technically, the USDX has moved out of an overbought condition.