US Dollar Index Classical Technical Report 06.29
US DOLLAR INDEX: The market has been locked in a kind of consolidation since rallying to fresh 2012 highs just over 10,300 in early June. While we eventually project additional strength beyond 10,300, risks in the shorter-term are for more choppy consolidation between 10,000 and 10,300. As such, our preferred strategy is to be looking to buy dips towards 10,000.
— Written by Joel Kruger, Technical Currency Strategist
