DXY Finds Support
The US dollar has found some support from lows. The DXY has broken down into the 104's, but 104.83 has proven to be a lower bound. We appear to be seeing a double bottom there, and support is confirmed by green triangles on the KRI. We appear to be making an attempt for the 106's again, but our level at 105.78 seems to be prohibitive for now. We have broken past 105.25 but just barely. If we can break 105.78, then 106.13 is the next target and we will have reestablished the previous range. If not, 104.83 should hold as a lower bound for now.
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