quantguy

The DXY Attempts to Reclaim the 96's

TVC:DXY   U.S. Dollar Index
The US dollar is meandering in the high 95's. After rejecting the 96 handle, we promptly saw support at 95.82, with a few attempts to break it immediately finding support just above 95.58, the next level down. Several green triangles on the KRI have confirmed support above this level. However, any attempt to break through to the 96's again is being met with resistance, confirmed by red triangles on the KRI. We will have resistance at 96.24 if we are able to break into the 96's again. If so, then 96.44 is a likely ceiling for now.

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