Dollar index moves above the October high @ 95.15
The dollar is steamrolling all the other major currencies on the day and has now moved into the key resistance "air pocket" as identified earlier here.
Right now, buyers look poised to take the dollar for a test of the year's high @ 95.529. This will be a major level for the dollar index if and when we get there. The momentum right now looks like we may very well get there in the next few sessions.
It's either we're going to see a triple-top pattern rejection or dollar bulls will start to develop wings as it breaks away to the topside of the 95.529 level.
The dollar's run here may not have much to do with headlines or fundamentals (but you can argue so if you want), and even if you are focused on that, you can't ignore the magnitude of a possible breach of this technical level.
