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Dollar index (USDX) still rejecting a rebound back above 100
Yesterday morning the dollar index (USDX) tried to push higher, but once again that push stalled short of the important 100 level. That was the third day in a row it got close to that level, but met with resistance and fell back. All the while the index cannot reclaim that level, the prospect of stronger recovery, back towards the 200-week moving average (102.70) will be thwarted and the risk of further downside remains. So, the index reached 99.83 yesterday and then fell back to 98.90 ahead of the US close. The index closed at 98.94 last night. The price action today has seen it rebound to 99.31 earlier, but it is back closer to 99 just now, currently around 99.09
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