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Offer extended through Friday (9/3).
Although yesterday’s high occurred just slightly above Friday’s, it surpassed a key peak at 79.51 recorded back in August. This refreshed the bullish trend on the daily chart, and also put DXY within easy striking distance of a second important peak at 79.66 made in July. It should not pose much of a challenge, since my minimum upside projection over the near term is 80.24 (with additional potential to 80.78 if the dollar closes above that number).
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More on this topic
(What's this?)
A Look at the Dollar Index.
(Scott's Investments, 11/23/09)
Bullish Move in the Dollar
(Red Hot Energy and Gold - Global..., 8/11/10)
Dollar Technicals
(The Technical Take, 11/1/09)
TODAY’S NOTABLE MARKET ACTION
(THE PRAGMATIC CAPITALIST, 11/13/09)
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