The US dollar has gained strength after a sharp dip yesterday took us to 111.66 which we have added as a new technical level. If momentum continues, we could test the top of the sideways correction at 113.38. If that is the case, we will meet resistance at this high, but if we can break out from that, then we could make a run for highs at 114.54. A further retracement could test 111.66 again, or lower at 111.37.
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