The dollar index closed last week at the highest level since June 2017, and at the beginning of the new week has continued its decisive growth. The index moved up the important resistance, from where it has turned to the decline earlier this year.
Also, RSI is growing, and still have some distance from the overbought area, leaving the potential for further dollar growth in the near future.
The short-term goal of growth may be the area of 97.60 (near the peaks of July 2016 and June 2017). More distant targets may be values near 100.0, as well as the area of multiyear highs at 103, where the index was at the end of 2016.
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Also, RSI is growing, and still have some distance from the overbought area, leaving the potential for further dollar growth in the near future.
The short-term goal of growth may be the area of 97.60 (near the peaks of July 2016 and June 2017). More distant targets may be values near 100.0, as well as the area of multiyear highs at 103, where the index was at the end of 2016.
Read more on this