US Dollar Strength Unwinds

27 במאי 2022

The DXY has fallen to support at lower levels, as the dollar strength has continued to unwind. We fell from the 104's to support at 102.86, then to 101.70, and finally the level below that at 101.39. We are seeing some green triangles on the KRI to suggest support at these levels. However, if they don't hold, 100.98, then 100.46 are the next targets below. If we are able to resume the rally, we will face immediate resistance at 101.70, then there is a vacuum zone back to 102.86.