The US dollar has resumed its rally, hitting the profit targets we have been discussing for weeks now. We have set 104.53 and 104.83 as profit targets, using Fibonacci extensions a while back, and we have just now hit both of these, after extending a sideways correction for quite some time. However, we broke out of a bull wedge consolidation pattern and the rally has continued. We are currently seeing some resistance at these levels, confirmed by red triangles on the KRI . But if we are able to breakout further, then 105.78 is the next target. Be mindful of the vacuum zone below to 102.86.
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