goodguy

US Dollar Index: update and near term target

Short
INDEX:DXY   US DOLLAR CURRENCY INDEX
This is how it looks to me. I expect a little more dropping of precious metals as this makes sideways movement the next week or so. Then likely a drop to to the 2018 low. Given the "M" shaped appearance on the weekly chart if the price drops and holds below the 2018 low we could longer term see a drop to the 2011 low.
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