US dollar, new target $DX

Just yesterday I posted a shorter term target of 81.293 on the daily dollar chart. That target was hit and closed. The new shorter term target is 81.405 which has already been hit and ripped through !

Also, if the dollar can close above 81.495 today that will give us the base to start deriving a new longer term target.

US dollar target = 81.405

US dollar target = 81.405

Thx,

Dave

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  • Dave says:

    The US Dollar Index was able to close above the longer term 2nd resistance level of 81.499 on July 30th, 2014. As I noted previously, this will give me a base to derive a longer term upside target now.
    Thx,
    Dave

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