Dollar probes higher, S&P 500 waits for follow-through

From dailyfx.com

THE TAKEAWAY: The US Dollar is probing cautiously higher but a well-supported rally will need matching follow-through on bearish cues emerging in S&P 500 technical positioning. US DOLLAR TECHNICAL ANALYSIS– Prices put in a bullish Piercing Line candlestick pattern above support at 9933, the 23.6% Fibonacci expansion, hinting a move higher is ahead. Initial resistance lines up at 9983, the underside of a rising channel set from mid-September (9980) reinforced by the 14.6% Fib (9986). A break above that targets the November 21 close at 10046. Alternatively, a drop below 9933 initially exposes the 38.2% ... (full story)