The US dollar has pushed higher, finally regaining the 96 handle. We saw great resistance at 96.00 as we mentioned in these reports, with long wicks on the candles indicating some volaitility and a red triangle on the KRI. However, 95.82 provided good support, and we made a subsequent attempt at the 96's, cracking 96.00 with ease on the second attempt. We are currently seeing a nice rally to the next level at 96.24. We are likely to see resistance here. Currently, it looks like the rally is running out of steam. If we do retrace, watch for support at 95.82, then 95.58. If we are able to break 96.24, then 96.44 is the next target.
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