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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.

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Next story:
06th Jun - Gold Slips to 76.4% Support

Previous story:
2nd June - Watch the Bund

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