U.S. Dollar Unexpectedly Breaks Higher

The US dollar has broken higher, unexpectedly if I am honest. The sideways trading period of June and July proved to be consolidation despite some negative candles on the weekly chart. The 100 and 200 week moving averages acted as resistance but now we have broken higher they act as a spring-board for the next leg higher.

I see no reason why the dollar index cannot target 97.85/90.

Weekly US Dollar Index

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