Dollar Bounces

04/08/2009 9:59 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

chart

The dollar index rebounded Tuesday as stocks sank, and this daily chart shows that the uptrend in 83.00-83.50 level has held. The weekly analysis does suggest that a top was formed in early March. The volume on the rally has been low so far. The next strong resistance is in the 87-88 area.