Bulls are consolidating beneath new two-decade excessive however stay in play and place for additional advance.
The greenback is supported by sturdy Fed price hikes and hawkish stance that alerts additional motion, in addition to safe-haven demand on financial and geopolitical uncertainty, whereas Euro stays fragile, and yen is about for additional weak point that provides to optimistic alerts for the buck.
Technical research are optimistic and help the motion, as rising each day cloud and robust bullish momentum underpin.
The greenback could maintain in prolonged consolidation earlier than bulls regain traction for renewed assault at 105.54 peak, with sustained break to sign bullish continuation and expose Fibo projections at 107.13 and 109.20 (123.6% and 138.2% respectively).
Dips ought to keep above rising 10DMA (103.89) to maintain bulls intact.
Res: 104.54; 104.87; 105.26; 105.54.
Sup: 103.89; 103.62; 103.16; 102.92.
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