September 3rd, 2010
Published Daily

DXY – NYBOT Dollar Index (Last:76.15)

by Rick Ackerman on October 28, 2009 12:51 am GMT

The 76.68 rally target flagged in today’s commentary looks like a no-brainer on the 30-minute chart. The question is not whether DXY will get  there, but whether it will tear through it in an hour. My hunch is that it won’t, but because the fate of the world’s financial system hangs on the value of the dollar, we’ll keep a close watch no matter what.

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