Friday, May 23, 2014

US Dollar Stays Resilient


Effective Price Comparison: The US Dollar has remained strong moving to the closing hours of the week's trading. With most of the reports proven to be more favorable to the USD; the continuing positive tone have started from the opening price above the 80.05/10 basis point for the Spot DXY.

With a current high @80.44 would serve as an initial minor break of the previous 80.35 level of resistance but well within its range ever since May 16 as shown on thweekly USD Index figure1. The most Basic approach in Cipher3 Analysis & Charting© the USD (DXY) contained within a price range.  

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