Dxy on Friday saw a rejection of 105.40 with jobs report reading of 227k beating October print of -28k closing the week at 105.97 this area is interesting because of a higher low from rally on November 24. looking ahead cpi on Wednesday could provide fresh direction. capturing a move above 106.35 could approach Fibonacci retracement 0.618 at 107.05 and 0.706 Fibonacci at 107.27. Trade at your own risk.
Trend Analysis

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