US Dollar Strong Despite Stock Selloff

The US Dollar seems to be benefitting off save haven inflows after the cataclysmic selloff in stocks yesterday. We have been able to reattain the 95 handle, currently testing 95.82. A red triangle on the KRI is confirming some resistance here, however, but we have tested this level from below for the second time. We are seeing support at 95.58, and could be forming a bull wedge type pattern forming. We may be gearing up for a breakout to the 96 handle, with 96.00 the first target. If we are able to solidify the 96 handle then 96.21 is the next target. If we reject 95.82 we should see support at 95.58. Watch the vacuum zone below that to 95.26.