Can The DXY Break Through Highs??

5 Apr 2022

As predicted, the US dollar has made a run for highs, breaking through 98.82. We appear to be slowing and perhaps running out of steam, but are finding support at 98.82 right now. We are currently in the vacuum zone between 98.82 and 99.40. If we are able to catch another burst of momentum, then we should be clear to test highs again at 99.40. We are starting to look at bit weak though, and if we fall through the vacuum zone below we should find support at 98.22. Broadly, we expect the long term range between 97.73 and 99.40 to hold.