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USD Index: Final decline below the August low?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Nearer term $ index outlook : In the Oct 27th email, said that further near term upside would likely be limited. The market did indeed push to a marginal new high at 97.80 on Oct 28th, testing both the bearish trendline since March/ceiling of the bull channel from Aug) and before quickly stalling. Seen as a near term topping within the extended period of wide ranging since the March high at 100.40. Though viewed as a large correction with eventual new highs above 100.40, there is scope for

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