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Dollar Shows Signs of Pullback at Key Resistance Level
THE TAKEAWAY: The US Dollar has stalled at key chart resistance, with candlestick positioning now showing early signs of a possible turn lower in the days ahead. US DOLLAR TECHNICAL ANALYSIS– Prices put in a Shooting Star candlestick below resistance at 10044, the 32.8%Fibonacci expansion, hinting a move lower may be ahead. Resistance is reinforced rising trend line support-turned-resistance set from the September 14 low (10055). Initial support marked by the 23.6% expansion at 9995. Alternatively, a reversal above resistance targets the 50% level at 10082.