INFINITY SQUARE

COMMENTARY FROM THE RIGHT ON ISSUES OF THE DAY... WORLD EVENTS, NATURAL DISASTERS, MARKET FORECASTS, POLITICS AND MORE.

Tuesday, August 07, 2007

U.S. Dollar Index (80.17 Fri. close)

The U.S. Dollar appears determined to test its 1992 low in the area of 78. This should be a powerful support area, but if it's hit hard enough and fast enough, 75 is possible on the downside.

If one or the other of these two support levels is tested, I'll be looking for base building and recovery thereafter.

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