Mihai_Iacob

DXY can rise to 112 and even above

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CAPITALCOM:DXY   US Dollar Index
Since the beginning of the year, the trend for the USD is up and, after breaking above the important phycological 100 figure, the index is trading in an ascending channel and every correction on Usd is bought.
Recently, the index reached 110 and a correction followed, this drop was quickly reversed once CPI data were released and the price is now again above 108.50-1.09 zone resistance.
I expect a new leg up from Usd and 112 can be the target.
Pairs like EurUsd and GbpUsd should be sold on eventually rallies

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