The rally pattern shown in the chart stalled Friday within two ticks of a 75.74 midpoint resistance, but as of late Sunday night, oh-so-eager buyers have left it in the dust. This strongly implies more upside over the near term to the 76.51 target shown in the chart. However, in order to demonstrate real power, as opposed to the phony short-squeeze kind that has launched the greenback from its early-May lows, today’s effort would need to exceed the peak at 76.61 recorded on April 1.
