Technical view by Nooresh

Dollar Index – One of the reasons for Equity/Commodity volatility

Dollar Index :

The last update on Dollar was a few months back. Well i did expect a move to 78 levels but this sharp move to 81 has created lots of volatility in equity/commodity markets all around.
Check the link below
Technically huge resistance at 80-81.5 band. Ideally there should be a pullback to 78 levels in near term.
Worse case scenario would be a move above 82 on the dollar that could spook any pullback in equities/commodities. But the downtrend is still strong so one cant expect further upmoves. Rest markets are supreme.

Article by Nooresh Merani

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