US Dollar Index Classical Technical Report 06.27
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
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