Thursday, August 13, 2009

US Dollar Supported by Short Term Fibonacci Levels

Written by Jamie Saettele, Senior Currency Strategist
The EURUSD, USDCHF, USDJPY, and GBPJPY have reversed at 61.8% retracements of their prior impulsive moves. The GBPUSD rally, corrective to this point, has found resistance at former congestion. The NZDUSD may be completing its rally as an ending diagonal.

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