The US Dollar surged 5.6% off the July / yearly low with an eight-week rally in DXY breaching the yearly downtrend in USD. The breakout is attempting to mount the yearly moving average this week with major resistance seen just higher. The battle lines are drawn as the bulls face key US inflation data and the FOMC rate decision over the next two-weeks. These are the updated targets and invalidation levels that matter on the DXY weekly technical chart. {chart} Technical Outlook: In last month’s US Dollar Technical Forecast we noted that DXY had, “rallied from yearly downtrend support with the recovery approaching ... (full story)