DXY Hits our Price Target 🤑

6 thg 4, 2022

The DXY has tested 99.40 again, which remained an upper bound for the entire month of March. It was able to break that upper bound, coming just shy of our next target of 99.82. We are seeing a red triangle on the KRI, indicating that we are encountering some resistance. A retracement could take us through 99.40 after which we would encounter a vacuum zone to 98.82, which should provide nice support. Otherwise, we are free to test lows again at 97.73.