that's one butt ugly chart...it does look to visit a buck....if that breaks support would be in the .80 area...and below that .50......there is no reason to believe it will break a buck...but then you have to ask yourself, what the heck is it doing trading down here i the first place....dang it all.....if it survives this freefall then logically 1.40 will be a target followed by 160 and 1.80until it breaks the decending wedge it is forming.....it is poss.it may test a buck more than once........and any break from this wedge may be lengthy and reasonably volatile..........it may pay to be conservative and make sure the buck level holds...rsi on the weekly should be quite os at that point but may flatten for a brief period.

The first bounce from the low may be small as it will or should retest reasonably fast...the buck if it doesn;t hold will find support at .83-86 but I;m thining 1 may do it....hope this helps you all that hold.......we can do nothing about the fundamentals but you would think this would become a target of some sort.......the 1.40 TO 1.50 AREA IS NOW STRONG RES.....since this area was a prev. failed turn around area......so no magic here unless there is an igniter.....Chris