DXY Slammed by Fed Expectations

The DXY retraced further after expectations of a Fed pivot have impacted yields. We are currently seeing support at a major level of 111.37, confirmed by a green triangle on the KRI. There is a vacuum zone below to 110.20 if this does not hold. After this wave of hope subsides, we are likely to pivot and reestablish the range between current levels of support and 113.