USDOLLAR Tags Important Moving Average Before Bernanke

Quickly before US equities open...

The USDOLLAR has reversed Asian session losses. The 60 day (3 month) average has been support in the USDOLLAR for a month now. The EURUSD, in particular, is vulnerable after testing the bottom of its former base channel. 12245 is interim support.

There is divergence on a closing basis (240 minute) between AUDUSD and NZDUSD that has characterized tops in recent months.

In index markets, the S&P e-mini is nearing the 7/10 high at 1356.50. The level is reinforced by the 7/5 low at 1357 and I'm expecting a reaction. 1343 and 1336.75 become supports.

"THE MARKET(S)" a.k.a. "RISK" SNAPSHOT - 60 Minute Closes

Prepared by Jamie Saettele, CMT

USDOLLAR - 240 Minute Bars

Prepared by Jamie Saettele, CMT

EURUSD - 240 Minute Bars

Prepared by Jamie Saettele, CMT

AUDUSD and NZDUSD - 240 Minute Closes

Prepared by Jamie Saettele, CMT

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