The US dollar index (DXY) has been flirting with the 2012 high at the 81.78 level over the last few days. Today, the market pushed the index through this key level . Of note is the move has also moved the price above the 100 month MA at 81.8178. A month has not closed above the 100 month MA since December 2002. This increases the importance of the level (between 81.78 and 81.82 is key support now).
The next key target comes in at the 82.59 level. This is the 61.8% of the move down from the June 2010 high to low trading range.
