The US Dollar Index initially tried to fall during most of the week, but
found the 80 handle to be supportive enough to turn things back around
and form a hammer for the second week in a row. Because of this, we
believe that the 80 level is going to continue to be supportive, but we
also see a significant amount of resistance at the 81 handle. With that
in mind, we don’t necessarily see long-term traded to we break to the
upside and above the 81.50 handle, which would have this market looking
for 84.50 or so over the longer term.
