After peaking on day 2 the dollar lost the 200 MA and has been range bound since.
A break above 96.87 shifts the odds towards a right translated cycle formation. Rejection by the 200 MA signals that the dollar has begun its daily cycle decline.
Stocks have fully recovered from the BREXIT, breaking out to a new yearly high on Friday and falling just 3.01 short of an all-time high.
Friday was day 8 for the new daily cycle. Stocks closed above the upper daily cycle band on Friday, re-establishing the daily uptrend. This also signals that the intermediate cycle low has been set.
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