What to expect from the US Dollar Index in 2012

January 16, 2012 06:00 PM
Market Pulse: Jan 17, 2012

Last week the March US Dollar Index opened at 81.670 and closed the week at 81.791, staying nicely tucked in its current range of 82.00-80.00. In technicals you can see on the below daily chart that the dollar is in a weak trend with ADX at 23. MACD shows very little price momentum and Stocastics are dropping just below overbought territory.

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