XJO 0.86% 7,829.7 s&p/asx 200

Pwillow, Thommo, the US dollar index has been darting in and out...

  1. 7,728 Posts.
    Pwillow, Thommo, the US dollar index has been darting in and out of the descending wedge and yes, it's only hit the upper bolling early last month since the April decline.

    So far today it has tried to spike again, but retreated and is at 75.59 -- a red candle with the current level below the open. And below the 50 day sma again.

    On the weeekly chart, it is trying to break out of oversold, but it's been that way for almost 6 months....the daily indicators, as I say, are topped or topping.
 
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