DXY Finds Support

Aug 3, 2022

The US dollar has pivoted from the lows of the corrective impulse, right around our level at 105.25. We have blasted through the 105's and reestablished the 106 handle, hovering just above our level at 106.13 at the time of this writing. We should equilibrate between 105.25 and 106.13, but if we see a rally, there is a vacuum zone above to 107.20. If we reject the 106's we should see support in the 105's but if this caves, 104.83 is the next level where we can anticipate support.