Another Breakout for the DXY??
The DXY has retraced from highs only to find a second wind breaking past our target of 100.46. Hawkish Fed rhetoric is keeping the dollar at highs and the Yen at 20 year lows. We are forming what appears to be a bull flag at the moment. If more momentum comes through, our next target is 100.98. If we retrace, we should find support at 100.04 or 99.82.
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