Dollar index Technical Analysis Update 23/4/2012

From forex-fx-4x.com

The dollar index has found buying interest at the ascending trend line level we highlighted in the weekends update; this technical level was hit during the Asian session and the USDX found fresh upside momentum from the London open. This dollar index upside comes as the currency majors have favored dollar strength today; with GBPUSD retracing from the technical confluence level just below 1.6150 and EURUSD moving back below the 1.3200 recent range highs after trapping EURUSD bulls. Price is currently trading below the 79.67 area price pivot zone and any move through this level would need to contend with ... (full story)