The US dollar has been quite volatile lately. Last week, we dove from highs in the 105 handle, to just above our level at 103.24. Since then, we've rebounded, establishing value in the 104's. We met immediate resistance at 104.83, and the 105's were too ambitious for the DXY at the moment. We've since stabilized between 104.00 and 104.83. The upper bound of the price action is rounding off, so we may have topped out at our high at 105.78. We expect this to hold as a hard upper bound in the event of a breakout, but watch for support at 104.00 and 103.24 if things turn south.
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