Dollar Index Spikes To Crucial Resistance Level

The Dollar Index has surged almost 7% in the last two months - one of the fastest spikes in 8 years - with the post-Trump spike the most significant. Today's buying panic has sent the Dollar Index to a crucial resistance level at around 101.80 (the 61.8% retracement of the 2001-2008 collapse).

101.80 is a line in the sand...

 

And that is where USD Index stopped today..

 

Yen is the biggest loser on the day against the greenback but all the majors (and Yuan) are tumbling....