It’s been one of those weeks that’s all about the details. The weekly bar of the US Dollar is currently showing as a spinning top but that doesn’t really tell the story of the currency’s price action. Last week showed a strong response to resistance at the 105-105.13 zone, which led to a fast snap back that held through this week’s open. On Tuesday, a key support test began when DXY tested both the 200-day moving average and the bullish trendline connecting last December and this March’s swing low. Also of interest is the fact that this bounce took place above the prior higher-low ahead of the April breakout, which ... (full story)