DXY Rally Coming to an End?
The US dollar index has found support at 102.86, the exact level we predicted. We have topped out at 104.83 and appeared to equilibrate in the high 103's for a bit, but support broke and we were able to test lower levels, as anticipated. We appear to be wavering at our level at 102.86, and if support does not hold, then we could collapse further through the vacuum zone to 101.70. We were due for a technical correction after the two week rally. If we pick up again, anticipate resistance from highs at 104.53 and 104.83.
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