USDOLLAR Holding on at Lower Parallel
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR continues to respect well-defined parallels. A drop below the lower parallel would indicate an important behavior change and potential for the largest decline since July 2014. Notice that the March top failed to reach resistance from the upper parallel. This subtlety warns that support will not hold.