For the month of October equity markets rallied and as you can see the USD had given up most of its gains because they tend to have an inverse correlation. We are currently just above the 9,740 area which came in as a major resistance point from May to September. If we can remain above this level, the sentiment would remain bullish for the USD as the 9,740 area turns to a support level. When global fear or panic occurs in equity markets you will see investors run to the USD as it provides liquidity. Be sure to watch for any news out of Europe that could drive market sentiment.
