Massive hedge funds do more, the dollar index rising trend is expected to continue

The dollar index edged gapped at 83.24, after continued to rise slightly on the red on Friday to close at 83.11. Technical implied long confidence has been significantly improved.

FXWW established by Sean Lee said, hedge funds have been busy recently to buy long dollar positions. With a lot of money tend to flow to the U.S. dollar, the dollar index last week rose sharply since April 4 test fails, the second close to the 83.50 resistance.

Sean Lee also said: "The move means that hedge funds in the last week, the end of a major push into the U.S. dollar index and consistency buy, the dollar index rising trend will continue for some time."