Wednesday’s CPI numbers caused the dollar to form a bullish reversal off support from the 200 day MA, closing above the 10 day MA. The dollar went on to close above the 50 day MA on Thursday then form a swing low on Friday.
The dollar is currently in a daily uptrend. Any bullish follow through will indicate a continuation of its daily uptrend and signal a cycle band buy signal. The fact that the dollar did not deliver any bullish follow through is something that we will need to pay attention to. The dollar ran into resistance at the 105.40 level. Rejection by this resistance level could send the dollar to complete its intermediate cycle decline, which is something that is discussed in the Weekend Report.
Cycle Trading 
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