US Dollar Index Jan 2016 High Provides Support in January 2017
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US Dollar Index Jan 2016 High Provides Support in January 2017

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Chart Prepared by Jamie Saettele, CMT

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-"Weakness below 100.51 (December 2015 high) would suggest a broader reversal. The level is classified as a decision point (make or break level)." I made the case 2 weeks ago in this video that DXY had already reversed but warned of a bounce 2 days ago (in this video ). What now? A key reversal formed today, which is something that we've seen at lows (although some just lows of a few days) throughout the last year. See today's video for more.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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