The US Dollar is testing a major spot of support… again.
Coming into the year the USD had held the lows right around the same price that had come into play a couple of weeks prior, just after a CPI report and an FOMC rate decision helped to drive weakness into the currency. Taking a step back, there was a massive zone of longer-term support that price had already begun to test. I’m plotting that zone from the 2020 swing high up to the 2017 swing high, which runs from 103 up to 103.82.
