DXY Hits our Target!! 🤑💸

12 thg 5, 2022

The US dollar has broken out of its range, finally hitting the target we have been calling out for weeks. The 104 handle seemed to be a barrier for the DXY for some time, but finally, we were able to build up enough steam to break through it and solidify the 104's for now. The price action was tending to higher levels, and we saw a bull wedge forming, from which we broke out last night. We do appear to be seeing some resistance from our target at 104.53. If resistance holds, then we could retreat to the range between 102.86 and 104.53. Otherwise, the next target is 104.83.