The Dollar Can Rally Further

12/30/2009 11:03 am EST

Focus: FOREX

Thomas Aspray

, Professional Trader & Analyst

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The dollar index has had a nice rally from the early December lows and has reached our first target in the 78 area (click here for more analysis). The bullish divergence in the OBV has been confirmed and still looks strong. The dollar could pull back to the 76.50-77 area before the 38% resistance in the 80 area is challenged.

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