The DXY Attempts to Find Footing
As we anticipated, the US dollar has given up the 97 handle, and sailed through the vacuum zone below to support at 96.65. We have multiple levels below this to provide support, including 96.56 and 96.44. If support holds and we are able to pivot at current levels, we must first break 97.03 to regain the 97 handle, then 97.32 is the next target. There is a high at 97.62, which should be considered a ceiling for now.
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