$USD Rockets higher

Last post, "USD Rebound around the corner", suggested that the drop below $76 could be a false break. An initial rebound target of $78 was set. Yesterday, USD took off, breaking above this level, and more critically threatening to break out of the downtrendline. Equities have dipped in response. Resistance from the downtrendline and the $80 level, could see a back-test here. However, a confirmed break above $80, could keep Equities depressed for a while longer.