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US$ index, a final decline below the Aug low?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Nearer term $ index outlook: The market has continued upward from that Oct 15th low at 93.80, accelerating on a break above that bearish trendline from Oct 1st and trying to consolidate from the Oct 23rd high at 97.20. Still seen part of the very long discussed, extended period of wide ranging since the March high at 100.40. Though eventual new highs above 100.40 are favored, there remains scope for another month or 2 of this broad ranging first (see longer term below). Short term with the

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