Our previous updates noted that the USDX 84.20 level marked the 61.8% Fibonacci retrace of the last major swing lower, and that this could become a focus if the recent upside trend continued – as would the 84.55 area prior swing high. The dollar has now jumped above this key technical area, as markets expectations have increased that interest rates will start rising in a year. This price action development on Friday comes after the false breakout of the descending trend line in May for the dollar index. Which subsequently had the USDX retest the ascending trend line support area on a corrective move lower. The key ... (full story)