US Dollar Updated

The US dollar has bounced back to a resistance area.  There is more resistance up above from 96 to the 50 day moving average.

us dollar daily chart

For perspective, the monthly big picture once again shows that Uncle Buck actually tickled the first significant support level.  The next level would be 88.

us dollar monthly chart

Though it has already hit a very valid major support level, the US dollar still leans toward corrective in the short-term and is bullish longer-term.  A rise above 97 puts it back on the bull.

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