US Dollar Index Classical Technical Report 10.28
US DOLLAR INDEX: The market is expected to remain very well supported on dips after showing some clear signs of a material base in the previous month. Key previous multi-week range resistance now turned support is being tested on the pullback into the 9,400 area, but we expect any additional declines to be very well supported well above 9,400 on a daily close basis in favor a fresh medium-term higher low and next major upside extension back through 10,135. Ultimately, only a close back below 9,400 would give reason for concern.
--- Written by Joel Kruger, Technical Currency Strategist
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