US DOLLAR TECHNICAL ANALYSIS – Prices recoiled downward after hitting a five-year high, issuing the largest daily decline in three weeks. Near-term support is at 11306, the 14.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 23.6% level at 11265. Alternatively, a turn above the 38.2% Fib expansion at 11374 opens the door for a challenge of the 50% threshold at 11422. S&P 500 TECHNICAL ANALYSIS – Prices advanced to another record high after a brief pause, testing the upper boundary of their near-term uptrend. A daily close above the 38.2% Fibonacci expansion at 2081.20 ... (full story)