Dollar bulls attempt bounce from former resistance

TVC:DXY   美元指数
USD bulls are currently attempting a bounce from former resistance in the 101.05-101.30 zone after French election worries rattled the Euro . The index traded above the 61.8 fib briefly last week, but was rejected at the top of a zone which we had previously deemed inconsequential and finished the week back inside the wedge .

Our preference is for a break back above the wedge top in the next few hours, followed by a retest of last week's highs in the 101.90-102.25 zone over the coming sessions. If however, the DXY fails to clear resistance, we may be looking at sideways consolidation til later in the week when NFPs clear things up.
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