The dollar is running into resistance at the converging 10 MA day and 50 day MA.
The dollar found support at the 200 day MA on Thursday and formed a swing low on Friday. Thursday was day 26, placing the dollar in its timing band for a DCL. A close above the converging 10 MA day and 50 day MA have us label day 26 as the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band.
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