CLICK ON CHART TO ENLARGE
Anything surprise you about yesterday? U.S. Dollar couldn’t muster much of a rally yesterday, despite more than a 250 point loss in the Dow…..might haver surprised a few investors!
This price action in the Dollar seems to reinforce the current strength of falling resistance line (1).
Did the Dollar have a variety of good excuses to rally yesterday? Yes! Does one day make a trend? No! Falling resistance line (1) has been in place for months and resitance is resistance at this time.