DXY Retraces, Pivots
The DXY has retraced significantly from highs. The level 99.40 has proven to be an absolute high for now, and the dollar has rejected these upper levels as we have predicted in these reports. We have retraced lower through multiple support levels including 98.82, 98.24, and 97.89. Finally, it appears we are seeing some support just above the next level down confirmed by a green tirangle on the KRI just above 97.62 at 97.73, which we have added as a new technical level. From here, 97.73 should continue to provide support but if not watch 97.63, 97.47 and 97.32.
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