Wyckoff Rates the Dollar Index 5.0

July 18, 2014 05:48 AM

Pro Farmer Technical Analyst Jim Wyckoff says greenback bulls and bears are on a level near-term technical playing field. A nearly three-week-old uptrend is in place on the daily bar chart. Bulls' next upside price breakout objective is to close prices above solid technical resistance at the June high of 81.170. The next downside price breakout objective for the bears is to produce a close below solid technical support at 80.000. Next resistance lies at today's high of 80.665 and then at 80.880. First support is seen at 80.420 and then at 80.250. Wyckoff's Market Rating: 5.0.


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