Can Anything Stop the Dollar Rally??

The US dollar has continued to rally, breaking through a cluster of resistance levels in the upper 96 handle, to make new relative highs yet again. We have currently peaked above the last of them at 96.65, and have entered the vacuum zone between this level and 97.03. We are seeing resistance at current levels from a red triangle on the KRI. If the DXY retraces, we should see support from 96.44, 96.56, or 96.65. Beware of the vacuum zone below that to 95.82.
Chart PatternsdollarDXYEURUSDGBPUSDTechnical IndicatorskovachquantguyTrend AnalysisUSDUSDJPY

Join my discord at discord.io/quantguy
Also on:

Related publications

Disclaimer