As expected, the DXY has leveled off. The fundamentals are still strong for the dollar but it seems its meteoric rally has taken a breather, and we are estabishing value at current levels. The level 113.48 seems to be an upper bound for now. If we break through that, then the next level is the high at 114.54 which we will need to break before considering new highs. A significant retracement could take us back to 111.37 or 110.20.
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