Sunday, August 13, 2006

$DXC Chart Analysis 081306


The daily chart for the USD index shows current support at the $84.39 level. We have had 5 waves up into $87.33 high. This is followed by an abc 3 wave pattern into a .786 fib level. Looking for possible upside targets of: $86.20, $86.46, $86.69, test of $87.32 and possible $88.11ish. Will watch weekly trading activity to gauge potential upside targets being hit.

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