The dollar closed below both the 10 day MA and 50 day MA last Wednesday. Dollar has since been finding support at the 98 level. The current peak on day 6 indicates a left translated daily cycle formation. Notice that the 10 day MA has started to turn lower. A bearish break out of consolidation will signal the daily cycle decline. Then, a break below the previous DCL of 97.11 will form a failed daily cycle.
Cycle Trading 
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