Dollar Rebounds

03/30/2009 1:54 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

As stocks turn lower, the dollar is once again rebounding as it is still viewed as a safe haven. Technically, the weekly analysis still suggests a further correction, but the daily chart shows that the dollar has bounced nicely from support in the 83 area. The next resistance is in the 87.50-88.50 area.

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