USDollar Attempted Breakout

The USDollar has opened Thursday’s trading with an attempted breakout above key values of resistance. As seen in the chart below, prices quickly spiked above todays R4 Camarilla pivot on better than expected advanced retail sales numbers. However, since the conclusion of the event, the USDollar has moved back below R4 pivot found at 11.892. A continued decline from this point, opens the USDollar up to a potential reversal for the remainder of today’s trading.

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