The US dollar index (DXY) on Friday bounced off the current weekly lows of about 90.20 to trade at 90.34 after the latest round of US data. The USDX rallied earlier in the week to top 91.00 before pulling back towards the end of the week. The DXY remains several levels below the 100-hour and the 200-hour SMA lines in the 60-min chart. It appears to be on course to complete a head-and-shoulders pattern formation. Friday’s late rebound pushed the dollar currency index back to the normal trading zone of the 14-hour RSI. The US Dollar Index Fundamentals Overview From a fundamental perspective, the USDX is trading at the ... (full story)