The DXY Pivots From Our Level!!
The DXY has found support exactly at the level we anticipated, 101.70. This followed from a dramatic technical retracement from the 104's, through 102.86. From there we fell through a large vacuum zone, finally finding support at 101.70, our exact level established as a target back in April. Support is confirmed by several green triangles on the KRI, and we are currently seeing a nice pivot. We still have a way to go before the next target at 102.86, and should see support again at 101.39 and 100.98, if current levels don't hold.
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