The Us Dollar Index, (DXY) continued to look bullish. Today it has posted a high at the 77.00 level. The high in March was 89.62, the most recent low was 74.94 on Nov 26th. That’s a spread of 7.34 points. Half way back for that spread is 82.28. If we keep this rally going, that’s a very good target for the bulls to shoot for.
Good Trading