Tuesday, May 20, 2008

The U.S.Dollar Falls



On May 10th I posted some bearish comments on the U.S. Dollar based on the trend and the position of the 40 day stochastic oscillator. As you can see in the above chart, the stochastics crossed a few days ago and the dollar is now selling off. I think we'll see further weakness in the greenback in the coming weeks.

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