US DOLLAR TECHNICAL ANALYSIS – Prices are eyeing resistance in the 10761-66 area, marked by the 38.2% Fibonacci expansion and the top of a rising channel. A break higher exposes the 50% level at 10806. Reversing below the 10707-27 region (December 19 high, 23.6% Fib) targets the channel bottom, now at 10644.
S&P 500 TECHNICAL ANALYSIS – Prices are testing resistance in the 1844.90-49.10 area, marked by the December 31 high and the 14.6% Fibonacci expansion. A break higher exposes the 23.6% level at 1863.10. Near-term support is at 1819.60, the 14.6% Fib retracement.
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