Dollar Index: Resistance break out. More upside potential.

The Dollar index broke the 97.70 1D Resistance this week, which has been rejecting any upside attempt since November 2018. This break out opens the way to further upside within the monthly Channel Up (RSI = 60.408, MACD = 0.450, Highs/Lows = 2.2271), which aims at a new Higher High. By our calculations this should be near 99.00 (inner channel), before the Channel pulls back again as it has done after every inner High pricing since May 2018. The extension afterwards goes as high as 99.70.





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