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Dollar index (USDX) rises to new rebound high

The dollar index (USDX) is still making progress after breaking above its 200 day moving average (then at 104.44) last Friday. The move today is now seeing the index lift towards 104.50. The high seen so far today has been set at 105.449. The high set on May 14 was at 105.458. Above that level there is the high set on May 9, at 105.74. Just ahead of that lies a Fibonacci level at 105.553 (that is 61.8%, of the fall from 106.517 to the most recent low at 103.99). 
 

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