2009-03-13

USD tech analysis

Here we have rising channel - blue lines. It is not 100% correct because it "cuts" the previous high, so I may be wrong. Next brown lines show a rising bearish wedge, the wedge is broken already on "correct" side. Now we may expect the USD to fall to support - the blue line.

Since USD will fall, the US markets, the Canadian markets, gold and oil must rally.

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