Is the Dollar's Rebound Over?

06/23/2009 3:15 pm EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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The rebound in the dollar index since the June lows appears to be just a continuation pattern or an interruption in the downtrend. This would be consistent with the top formed in March and the negative readings from the weekly studies. A break below 79 will indicate a decline to the 76 area.

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