Charts I’m Watching: Mar 26, 2013

Big Picture for the USD:

Daily RSI fell back into the channel recently broken out of, and is backtesting the white midline in the midst of a fairly steep decline — seen better in the closeup below.  All this, while DX has been rising.

RSI and price are finally on the same path — a moderate correction before taking a shot at the midline of the big white channel at the intersection of the purple 1.272 and the white .786 at 85.4-85.7.

This all fits well with our equity forecast.  continued for members


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