The US Dollar has held resistance at the 200-day moving average for six of the past seven days. While the greenback was burning lower in late-December trade, a V-shaped reversal developed around the 2024 open that pushed price up to the Fibonacci level at 102.55. We looked at that in the first webinar of the year, after which bulls showed up at a higher-low to push price up to the next spot of resistance around 103.50. There’s quite a bit going on there, including a Fibonacci level that’s part of the same study as the 102.55 level. This was also the yearly open for 2023 and of course, the current home of the 200-day ... (full story)