Last week I shared that the Dollar had created a bullish falling wedge at Fibonacci support and looked to be breaking out from this bullish pattern (see post here).  The chart below was created around 6 a.m. central this morning, so the day is long from over.

Did anyone notice the Dollar didn’t fall much yesterday?  

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Keep an eye on the Dollar today to see if it can get past short-term resistance at (2).  Should the Dollar reach the 76.50 level, I suspect yesterdays rally won’t look that impressive in the big picture.

 

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