Can the US Dollar Make New Highs??

1 Tem 2022

The US dollar has gained considerable strength the past week. We have smashed through resistance in the 104's, to solidly regain the 105's. We are just shy of our target at 105.78. If we are able to break through 105.78, then 106.13 is our next target, set by Fibonacci extension levels. The next target is a bit further out at 107.20. If we retrace, we are likely to find support in the 104's, 104.83 and 104.53 in particular.