USD Index Is Well Into Its Rising Cycle Phase Until September
We invite you to read Bruno’s B.E.S.T. View July issue (written June 29th).
In March, we highlighted that the US$ Index tested 100.40 (a major resistance area) and concluded that “the longer base, the higher in space,” meaning that a break above that resistance, after a long consolidation, would open a target area around 106. Indeed, it was expected that the bottoming phase of the cycle
would be around April 2026. A pullback from 100.40 to 97.50 occurred between early March and late April 2026, making a higher low above the previous one in January near 96. Then it rose steadily in a steep channel to 101.50 during the rising phase of its cycle, due to a top later in September 2026. As the Index
is well above its rising 40-wk MA (98.98), its rising momentum, as shown by MACD and STO on the lower panel, is occurring during[…]
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