DXY Rejects Highs

Jun 3, 2022

The DXY appeared to pivot from lows at 101.39. We made a genuine attempt to cross the vacuum zone to the next level at 102.86 but we met immediate resistance confirmed by several red triangles on the KRI. We retraced the vacuum zone immedately, finding support at 101.70, the level just above lows. We appear to be finding good support here confirmed by green triangles on the KRI. It is likely that the DXY will range here and establish value. If support breaks, then we should see further support at 101.39 then 100.98. Our next target above is 102.86. If we can break that, then 103.24 is next.