The dollar had been consolidating above the 10 day MA — until Monday. The dollar initially rallied on Monday, but found resistance at the declining 50 day MA. The dollar is in the process of being rejected by the 50 day MA and is breaking below the 10 day MA. The dollar is currently in a daily downtrend. A close below the 10 day MA will indicate a continuation of its daily downtrend and signal a cycle band sell signal. A break below the previous DCL of 97.60 will form a failed daily cycle.
Cycle Trading 
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