The DXY has formed a double top at 99.40. We seem to be getting great support from 97.73, confirmed by green triangles on the KRI every time we test this level. We seem to be in a longer term sideways corrective phase with a lower bound at 97.73. We seem to be in the middle of the range right now, so it is important to see what we do from here. If the DXY is able to get a lift again it will likely test highs at 99.40. The price action is looking a bit weak, so we may test 97.73 again. If so, that would suggest we are forming a bear wedge pattern and perhaps portend lower prices perhaps at 97.32.
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