SUMMARY:

The Dollar has a Head & Shoulders with a rising neckline that projects to USDX $82.70.   That target has not yet been hit.    It may not get hit, but odds are that it will and it will be the final dollar low.

The monthly charts show buy signals being formed, but not here yet.   Perhaps a dollar low will come with a January peak in the equity markets.

The Dollar halted its decline short of the H&S target, but right on the rising trendline created by the blue pitchfork.   If that line fails, there are several other viable trendlines below it that will continue to validate a dollar Bull Market.

  

 

Last Updated: September 17, 2006