US Dollar Digests Risks

The US dollar has stabilized, and 95.82 seems to be providing good support. We have a green triangle from the KRI confirming the support, even though yesterday, we dipped slightly lower in an attempt to crack it. Some volatility came through after that, and the rally was finally thwarted by 96.65, the final level in the 96 handle. A red triangle on the KRI confirms the resistance here. We are likely to range in a sideways correction after such a large rally that took us from the 92's all the way to the low 97's. We should be able to hold the range from 95.82 to 96.65, but beware of the vacuum zone down to 95.26.