Chart Of The Day: The US Dollar Turns At Key Level

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Chart Of The Day: The US Dollar Turns At Key Level

By Brian Kelly on September 30, 2009 | More Posts By Brian Kelly | Author's Website

The US dollar index has turned at a 61.8% retracement of the September 21-28 rally. This is exactly what is expected if the dollar is indeed starting a new long term up trend.

US Dollar Index - 90 Minute Chart

Disclosure: Long UUP

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