Tuesday, April 21, 2009

USD Index & MSCI World Index

USD Index

US dollar index chart – Chart as of Friday. Saw a break above both resistance level & 50 day moving average today – a very aggressive and definite breakout. Should see USD strength to continue in coming days. The MSCI World index chart below gives more confidence to outlook as its near top end of range and resistance. Should head down from here, giving buoyancy to USD.

msci world index