The US Dollar Picks up Strength, Faces Headwinds

The US dollar found support in the mid 95 handle, just below our level at 95.85, before momentum came through taking us back to the 96 handle. We are currently flirting with highs thereabouts, and a red triangle on the KRI is confirming the resistance. 95.85 is the next level of support below, but if that does not hold, 95.26 should provide support. It will take significant momentum to break through to higher levels, but we have a cluster of levels above to provide resistance including 96.44, 96.56, and 96.65.