US Dollar Index: With the Index continuing to hold on to its medium term uptrend and maintaining above the 81.78 level, its Jan 2012 high, there is likelihood of further upside gains. In such case, further upside should aim at the 83.55 level, its Aug’2011 high and possibly higher towards the 84.55 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 81.78 level followed by its May 14’2012 high at 80.35 level with a cut through here targeting its psycho level at 80.00 level. Further down, support lies at its Feb 06’2012 low at 78.36 level. All in all, the Index continues to retain its medium term upside bias with eyes on further strength
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