On Tuesday of this week I shared that the Dollar was facing key resistance and for the markets to really get exciting, resistance needed to break. (see post here).
As we get close to the end of the week, so far the Dollar continues to struggle with resistance…
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Resistance is resistance and so far the Dollar has not been able to get above a couple of key levels.
If you are long the Dollar, you might be a tad bit frustrated with the price action of the Dollar in this “Weekly” chart. The flag/pennant patterns continue in the broad market and resistance remains at hand for the Dollar.