Can The DXY Hold 95's??

11 нояб. 2021 г.

The US dollar has caught a significant bid with yields, likely off inflation fears. Previously, we had dipped back to 93.82, and we have identified this as a strong level of support, confirmed by green triangles on the KRI. This was the perfect entry point to a long trade, as we have smashed through 94.18, 94.45, then 94.77, all targets we identified yesterday. We have finally leveled off in the 95 handle. There is a huge vacuum zone to 95.82, and this goes back to the Coronavirus selloff. If the DXY can retain current levels, we should see value start to form here, with more technical levels established along the way.