Stocks and Commodities are moving a good deal higher today…wanted to check the action of the Dollar today, which may have had a good deal to do with a hard down week last week.

Dollar continues to find its 38% Fib level important.  It broke above this resistance level last week and this morning declined to test the breakout, as support at (2). On a single day, the $ created a rather bullish wick as it tested dual support!

The Dollar is now getting wedged between overhead resistance and rising support.  Considering the upside action in stocks/commodities today one has to be impressed the Dollar held up as well as it has!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past