The dollar is 'the greatest security ever,' says chart watcher (via optionsaction)
is at its strongest levels in more than two years, and top technician Carter Worth says it looks like it's headed even higher.
The dollar may well be the most important security of all time, but the U.S. dollar index is far away from its all-time highs of above 150 back in the 1970s. In fact, the index has been stuck below 100 for more than three years. But Worth sees signs of a brewing breakout. Since bottoming in February 2018, the index has climbed more than 10% to its current level – a huge move for a currency that tends to trade in tighter ranges. But right now, the dollar is back in range-bound territory.
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