Dollar Topping?

03/13/2009 10:02 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The dollar index appears ready to close lower this week after forming a bearish reversal on the weekly chart. The negative divergence suggests a double top formation that would have implications for other markets. First support is at 86, with additional support in the 84 area and key resistance in the 88.50-90 area.

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