Currency Update: U.S. Dollar Index Facing Resistance

Wednesday, February 27, 2013 Currency Tips, i-Forex Tips, Mcx-Sx Tips No Comments

 U.S. dollar index is facing resistance @ 82.05. It is trying to break this resistance since last 2 days but unable to break it. If it doesn't break this level it will move to 81.25 U.S. Dollar. There is a good support for bulls. If it breaks this level it will fall upto 80 U.S. dollar. In higher side  if U.S. Dollar closes above the value of 82.10 it will achieve the level of 8.50 and 84.15. As the current trend of U.S. dollar is bullish, i advised gold traders not to take long position in gold.
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