USD Index outlook for September 8, 2014

Best week of the year for the US Dollar Index. There is some significant resistance @ 84 stemming from the 2012 high, as we can see on the chart. Next target on the upside is the 2013 high @ 85. The short-term technical picture would deteriorate below 82.90. This would be the stop on long positions, too.

US Dollar Index, weekly chart

USDIndex_weekly_20140905

Chart courtesy of StockCharts.com. http://stockcharts.com

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