Price is once again close to the 76.70 support level which has held price on numerous attempts to move lower. A solid close below this level would encourage USDX bears but another rejection could see dollar index bulls re-focus on the 10/11/11 78.16 swing high area. Consolidation between the 76.70 > 77.50 pivot levels is a common scenario at present and may continue into next week if the current pattern resumes. The 77.50 resistance was actually taken out as yields on the Italian 10-year bonds spiked to euro-era highs above 7% last week but subsequent political developments have see a move back into the range as the ... (full story)