The dollar has come under pressure tonight and could be in for a test of May’s key low at 72.70. If so, this would likely bring buoyancy to bullion prices in the days ahead, and perhaps more. A target that I’ve identified for the NYBOT Dollar Index implies the selling could bring this vehicle down to 72.04.
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Hi Rick, My 1st day here. Note Dollar form two consecutive (Fri & Mon) inside days. And with todays low deeping below 7 June low, could possibly give the Victor Vic 2B signal. Annotated chart of DX would be well appreciated. Thanks Minoo