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?
CLICK ON CHART TO ENLARGE
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.