US DOLLAR TECHNICAL ANALYSIS – Prices have returned to test the top of a now-familiar range top capping gains since late January. Near-term resistance is in the 11854-76 area (14.6% Fibonacci expansion, March 2009 high), with a break above that on a daily closing basis exposing the 23.6% level at 11963. Alternatively, a below the 14.6% Fib retracementat 11740 opens the door for a challenge of the 23.6% threshold at 11653. S&P 500 TECHNICAL ANALYSIS – Prices paused to digest gains after advancing to yet another record high. A daily close above the 2119.40-22.80 area (February 25 high, 14.6% Fibonacci expansion) ... (full story)