We mentioned yesterday that the DXY was due for a retracement and sure enough, we saw it. After blasting through multiple profit targets to the upside and spanning almost 6 full handles, we finally saw a bit of a pullback to support at 102.86. We are seeing support here confirmed by a green triangle on the KRI, however. Our next profit target still stands at 104.83, but based on the current retracement, we have added an intermediary Fibonacci extension level at 104.53. Watch the vacuum zone below to 101.70.
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