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US Dollar Index Classical Technical Report 06.27

US Dollar Index Classical Technical Report 06.27

Joel Kruger, Technical Strategist
daily_classical_dxy_body_dxy.png, 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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.