The Truth about the U.S. Dollar…Can you Handle it?

Jack Nicholson made the line "You Can't Handle The Truth" famous in the movie a Few Good Men.

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The truth about the U.S. Dollar...Three differnt times in the past 15 months the Dollar has hit line (2) and declined in price. The rally in the Dollar of late has taken it near this key resistance, line for the 4th time.

Another truth about the U.S. Dollar....The Dollar rallied in November and December and risk assets didn't fall in price.

Until the Dollar can take out the resistance around the 82 level, it remains at the top of a trading range.

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  1. [...] Read full article (with chart)… icBeacon('investmentwatchblog'); Be Sociable, Share! Tweet(function() {var s = document.createElement('SCRIPT'), s1 = document.getElementsByTagName('SCRIPT')[0];s.type = 'text/javascript';s.async = true;s.src = 'http://widgets.digg.com/buttons.js';s1.parentNode.insertBefore(s, s1);})();Related news, headlines and opinion:This development could signal the end of the “RISK ON” rallyTrader alert: The U.S. dollar is at a critical level AGAINSocGen: If Greece Leaves The Euro, The Athens Stock Market Will Do Something Unusual“Large Seller in the Market” as COMEX Gold Hits $1,708What has to happen before there’s any real correction in stocks March 17th, 2012 | [...]

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