The US dollar index has risen over the past seven weeks mostly in a straight line. Yet it formed a shooting star reversal candle around the 105 handle, trend resistance and the 61.8% Fibonacci level. A pullback on the weekly chart does not seem impossible, although the daily chart hints at a bounce first. Prices are holding above the 104 handle and 10-day EMA, and a small doji formed on Monday. Traders should be on guard for little spikes of volatility either side of Monday's range as traders return, but the bias is for a minor bounce before momentum turns lower. If so, that could see AUD/USD retrace lower from its ... (full story)