Dmitri Lysenko
The US macroeconomic stats still favor the strengthening of the US Dollar. The ISM manufacturing stats for March 2012 came out high than expected (53,4 against 53). In February it was 52,4.
It should be noted that the recent data on the US domestic demand showed an increase as well. Manufacturers are so sure about a steady demand for their products that they are ready for salary hikes.
The situation in the housing market has been different over the last 2 weeks.
Against this background, the US Dollar strengthened yesterday. According to the Department of Masterforex-V Trading System , if the downtrend continues, the closest levels of support are 78.68, 78.43 and 78.12. A change of trend will take place if the price breaks above the top of the MF sloping channel and pivot 79.53.
Dmitri Lysenko
