USD Index Moves Lower
This 4-hour chart of the USD Index shows a market that is currently printing lower highs and lower lows. A market that is trending up will print higher highs and higher lows. This current series will change if this market can move up through the 80.40 high noted on this chart. That could open the door to more buying interest and start a move up that USD bulls have been looking for.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.