DXY possible Inverse Head & Shoulders

15 Eki 2013

The US Dollar index is setting up a possible Inverse H&S, which if confirmed would target 81.60. Current resistance is near 80.62, and is strong, which we would need to see a close above for confirmation of this move. Notice that RSI is currently diverging, but there is trendline support near 80.30. Until we see confirmation that this setup is in play, this is just something to keep an eye on.