USD Index Outlook For September 29, 2014

New three year high for the US Dollar Index last week. Next key levels on the monthly chart are in the 88-90 area back from the years 2008-2010. The financial crisis related uncertainty gave support to the US currency back then, but the dollar’s current strength seems to stem from the other FX majors’ weakness. The trend will stay up as long as support @ 85 and 84 is not violated.

US Dollar Index, monthly chart:

US Dollar Index(Monthly)20140926

Chart courtesy of Investing.com. http://investing.com

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