DXY Faces Resistance

8 Nis 2022

The DXY has ripped past our previous target at 99.82, and is making a concerted run for 100. We have effectively gotten there already, falling short by one tick at 99.99. We are within inches of our target of 100.04. The rally is appearing labored, with four red triangles on the KRI to confirm resistance as we edge higher. If we do retrace, then 99.82 and 99.40 should provide support. Watch the vacuum zone to 98.82.