Could this key trendline finally break?
Dollar Index – a confluence of fib resistance on DXC is seen
at 84.86-92 – this should keep a lid on any counter-trend move higher after this
mornings move lower. We still see 84.42 as the key level – a break of this
should intensify dollar selling as it will represent a break of the .786
retracement of the 5/15 low & 7/19 high.
USD/CAD – seems poised to continue lower – the re-test &
failure of the broken trend-line at 1.1175 a few minutes ago is a good sign.
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