The US Dollar has spent much of the past two weeks pulling back, with the FOMC rate decision in the middle of June as the defining line. While the Fed didn’t necessarily say anything dovish there, the USD hasn’t yet been unable to take out or even test the high that was set just as the FOMC statement was released.
That pullback had taken on a somewhat orderly fashion, with a series of lower-highs to go along with horizontal support at 103.82.
