The US dollar benefited from a hawkish FOMC yesterday. The DXY was able to punch through resistance at 111.37 and 111.66. We seem to have solidified the 112's, at least for the moment, but a red triangle on the KRI is confirming resistance around 112.80, a bit shy of our next target at 113.38. This level will provide resistance, and it does not seem like we will have the momentum to break through and attempt our next target of 114.54. If we retrace, we should have support from those levels in the 111's.
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