A break above this level will turn the Dollar Index bullish

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While the Dollar Index (DXC) has regained a bullish
tone over the last several hours, one last resistance level still needs to be
— 86.40 before we could become bullish over the next several


One of
the better ideas currently, assuming DXC remains on firm footing and breaks
higher, is to look for a short in NZD/USD.  While the .6198 level remains the
‘trigger point’ for lower levels in NZD/USD – traders looking to enhance their
entry point may look to scale into shorts on a break of .6216





cross looks set to trade lower. See chart below



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As always,
feel free to send me your comments and questions.




Aspen Trading Group