Dollar Index Remains Weak
http://www.investing.com/analysis/the-dollar-index-remains-weak-261450
The Dollar Index returned to 96.40 points on Wednesday. We consider that with the break below the actual lows at $95-96 we will see further weakness looking forward to attack lower areas targeting below the 200-day moving average at 94.50 and 93.10-93.30 points within the previous lows zone.
Given the lack of an incomplete medium term adjustment structure, we remain cautious until the index doesn’t shows signs of strength and chances of further selloff will remain alive towards lower areas. Only with the break above the mentioned resistance we can speculate with new hikes to higher areas.
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