The DXY Wavers in the 96's

The DXY has recovered the 96 handle but is currently testing support at 96.00. We peaked at 96.44, our exact level to the tick, where a red triangle on the KRI confirmed resistance. We have already seen support at 96.00, so it is reasonable to expect this level to hold, but if not, 95.82 is the next level down. If we are feeling out the lower bound of the range established at the end of last year, then we could test as low as 95.58, but this appears to be a lower bound for now. After 96.44, there is a cluster of levels above in the mid/upper 96 handle which should provide resistance, should the dollar make another run for 96.44.