quantguy

Strong Momentum in the DXY

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The US dollar has continued its meteoric rally. We have broken through all of our resistance levels, currently peeking up above 101.70, at 101.82 at the time of this writing. There is a fairly wide gulf between current levels and our next target at 102.86, but at this pace the 102's are not unreasonable. If we retrace, then 100.98 should provide support, then there is a vacuum zone to 100.46.

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