The last time we posted anything extensive on the USD was in November: https://caldaro.wordpress.com/2010/11/30/the-usd-index-dxy/. Since then we have continued to monitor the USD and the other major currencies in relation to our larger currency cycle work.
Our long term targets have not changed. We are still expecting a significant low in 2012 around the mid to upper 60’s DXY. Then a rally into 2013, followed by a retest of that low in 2014. The 2012 low should complete Primary wave A, the 2013 rally Primary B, then the retest Primary C, the end of Cycle [C] and the Supercycle bear market. What should then follow is a spectacular five year bull market when the DXY should double by 2019.
Recently the USD completed a zigzag Major wave A, of Primary A, from DXY 89.62 to 74.23 in 2009. A simple Major wave B followed to 88.71 in 2010. Now Major wave C, another zigzag, has been underway since the late spring of 2010. The current downtrend, Intermediate wave C, may subdivide into five Minor waves as it declines into the final Primary wave A low in 2012.
To track the USD/DXY along with us just use the following link: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1606987&cmd=show[s67199594]&disp=O. Best your your trading/investing!