The DXY Establishes Value

5 Eki 2022

The US dollar slid further, but has found support. Exactly as we discussed yesterday, we have broken through 111.37, and have found support exactly at our level at 110.20, confirmed by a green triangle on the KRI. we are currently seeing support here, as the indicator suggests, with a pivot higher back just below 111.37. Unless more hawkish Fed news comes through we are likely to range at current levels, establishing vcalue between 110.20 and 111.37.