USD Index Outlook For October 27, 2014

The US Dollar Index is close to its three year highs. The weekly trend is up as long as support stemming from 2013 highs @ 85 remains intact. Next long-term key levels are September/October highs @ 87, before the 88-90 area that dates back to the years 2008-2010 of the financial crisis. We will have to wait and see when dollar strength will start to bother the Fed.

US Dollar Index, weekly chart:

usd

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

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