Dow, S&P 500 Hasten Rally As The USD Snaps - Is The Low In Place?

US DOLLAR MONTHLY PRICE CHART

(Click on image to enlarge)

USD US Dollar Monthly Price Chart

Chart prepared by James StanleyUSD on Tradingview

On a shorter-term basis, prices were catching support at the 23.6% retracement yesterday; but that has since been taken out and USD price action has even cut below the 38.2% marker of the recent bullish move. This leaves the 50% marker lurking underneath current price action as that next spot of potential support, plotted around the 98.86 level.

US DOLLAR FOUR-HOUR PRICE CHART

(Click on image to enlarge)

US Dollar Four-Hour Price Chart

Chart prepared by James Stanley; USD on Tradingview

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