Watching the Dollar

03/02/2009 2:04 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The Dollar Index is moving back to the November highs. If these highs are exceeded, the next monthly resistance is in the 93 area. The weekly chart also suggests we are at a critical juncture and new highs will have important implications for other markets. The OBV is back to the 2005 highs but is overextended.

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