The US dollar has retraced from relative highs. We anticipated resistance 94.18 yesterday, and that is exactly what we have found. We appear to be establishing value between 93.82 and 94.18. Currently, we are clinging onto the 94 handle, barely hovering above 94.00 at the time of this writing. If we see another burst of momentum, we will need to clear 94.18, then the next target is 94.45. We will see further support at 93.60 and 93.43 otherwise.
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