04th Jun - US Dollar Index Attempts Recovery
04 June 2014
WEEKLY CHART:
Weakness in the Index has seen
erosion of channel base support,
although this hasn’t really been
breached on a closing basis.
The lower 78.601 Sep-12 low
offers further support.
DAILY CHART:
Recovery has continued after
earlier test of the Oct-13 low area.
First resistance now comes from
the 81.140 38.2% retracement,
ahead of the 81.482 Nov high,
and moves through these are
needed to properly shake off bear
risk.
Next story:
06th Jun - Gold Slips to 76.4% Support ![]()
Previous story:
2nd June - Watch the Bund ![]()

