The US Dollar is surprising me, trading higher again this morning, so far, up at 74.13. Given Bernanke's directionless and dovish view, I was expecting to see a selloff here. That certainly doesnt mean things can't change, however.
The 200 day moving average is where a lot of the slower moving capital lies. I generally do not use this line to manage my portfolio, but I am always aware of it in order to understand risks of potential behavioral breakdowns/breakouts.
The 200 day moving avg for the US Dollar Index is 74.23. I have attached a 3 year chart just to remind you how many times we have toyed with this goal line, and failed.
KM
The 200 day moving average is where a lot of the slower moving capital lies. I generally do not use this line to manage my portfolio, but I am always aware of it in order to understand risks of potential behavioral breakdowns/breakouts.
The 200 day moving avg for the US Dollar Index is 74.23. I have attached a 3 year chart just to remind you how many times we have toyed with this goal line, and failed.
KM
- Can The US Dollar Breakout With Bernanke Pandering To the Doves?
(chart courtesy of stockcharts.com)