17 Oct 2016
Dollar index highest level since March - BBH
Analysts at Brown Brothers Harriman noted that the Dollar Index rose to its best level since March.
Key Quotes:
"It reached the high in the second half of last week by briefly poking above 98.00.
Initial support is seen near 97.40.
Recall that it closed September a little above 95.45.
The RSI, MACDs, and Slow Stochastics allow for additional gains, but the levels are getting stretched.
The Dollar Index is also bumping up against the upper Bollinger Band that is found near 98.00.
In technical analysis the crossing of the 50- and 200-day moving averages have special significance.
The 50-day average is set to cross above the 200-day average next week."