It seems that the US dollar is still in a good position at the beginning of the week, rising slightly against most major currencies.

The strong reaction after the release of the jobs report last Friday was somewhat volatile between the ups and downs, but it seems that the upward movement will resume today with bond yields rising slightly at the moment, as we indicated in our weekly analysis from here.

The dollar broke the falling wedge levels on the daily frame and we are expected to see some upswings in the coming period towards the resistance levels 104.20 as an initial target and then the main peak levels at 107.00