U.S. Dollar testing resistance yet again

The U.S. Dollar is testing key dual resistance yet again today… a falling trendline from the 2010 high, and a 23% Fibonacci retracement from that same high.  It has failed to break above the 23% Fibonacci 3 times before today, but this is its first test of the falling trendline.

The way this plays out will no doubt be critical in determining the short term future for equity and commodity prices.

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