USD Index approaching 81.00

The USD Index is approaching the June highs of 81.00. This week we have seen a substantial move up in the USD led by all the major currencies. As it is a Friday with thin summer markets, maybe today we will get some profit taking and see the USD getting sold subsequently. A break and hold above this level should see the USD index trade up to 81.50 which is something potentially to look at next week. Trade with caution if you are looking to buy the USD at these levels.

Here is a chart of the USD Index.