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U.S.$ Index/Back to Important Resistance *PIC*

DX has been in a 5 month 3 point channel between 78.67 and 81.50. Price has once again rallied back to the top 'area' of the channel and back into the long term congestion zone resistance between 81 & 82. This is a repeat of what DX did in the winter of 2011 into the spring of 2012. Clearing 82 would be a major accomplishment and have dramatic effects on many markets. Meanwhile resistance is resistance. Perhaps with Japan's dramatic and sudden devaluation of the Yen and other countries now looking to trash their own currencies to compete globally now is the time for DX to shine.

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U.S.$ Index/Back to Important Resistance *PIC*
Re: U.S.$ Index/Back to Important Resistance