USD, Fed Fund Rate and Others# Stock
L*n
1 楼
USD had risen sharply over the last 12 wks. I predicted the short term top
of USD in my earlier post on Feb.9. It has since wavering over a narrow
range around 80 and start to shown signs of weakening as evidenced by
dropping of RSI. However the trend bucking rise on Feb. 17 was very unusual
in my opinion. I suspect some "smart money" had somehow anticipated or knew
about this Fed Discount Rate change. USD's move further up crossing and
close above this important resistant at 80.50 could spell
of USD in my earlier post on Feb.9. It has since wavering over a narrow
range around 80 and start to shown signs of weakening as evidenced by
dropping of RSI. However the trend bucking rise on Feb. 17 was very unusual
in my opinion. I suspect some "smart money" had somehow anticipated or knew
about this Fed Discount Rate change. USD's move further up crossing and
close above this important resistant at 80.50 could spell