quantguy

The US Dollar Makes New Relative Highs!!

Long
FX:SPX500   S&P 500 Index
The US dollar has continued to press higher, making higher highs and breaking into the 96 handle. We have reached out next target at 96.24, but a red triangle on the KRI is indicating some resistance here. We have since pulled back slightly to 95.82. There is a vacuum zone below to 95.26. We are starting to look a bit oversold, so watch out for a retracement. If not, there are a series of levels above in the mid 96's to consider as targets including 96.44, 96.59, and 96.65.

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