US Dollar Index will test resistance of 85.00
US Dollar Index Weekly Chart
Euro Index will test support of 127.50
Euro Index Weekly Chart
From a Canadian perspective, the rising US dollar will have a negative impact on commodity prices. Not good for the base metal, gold and oil stocks.
______________________________
“Keep it Simple!”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.