As reports came out that Trump was looking to fire Fed chair Powell, the dollar fell sharply before retracing those losses completely by the end of it all. Trump's threat ended up being just that, yet another threat as he continues to lambast and pressure Powell and the Fed. So, what was the impact to the charts?Well, the dollar was certainly tested but buyers held at key near-term levels in defending their position. As such, the dollar is still sitting in a better spot this week as we look to the day ahead.As seen with EUR/USD, GBP/USD, and USD/JPY below, the key hourly moving averages were all stretched and tested but held at the end of it all.In the case of EUR/USD and GBP/USD, the near-term bias continues to favour the downside with sellers still in charge. As for USD/JPY, buyers are continuing to keep a more bullish bias in the near-term by defending the 100-hour moving average (red line).All in all, it suggests that the drama yesterday certainly did test the dollar's resolve amid its recent advance this month. However, it's a case of bend but don't break as the dust settles down now.Coming up later today, there will be another round of US data showcase to get through. Retail sales and weekly initial jobless claims are on the agenda before the Fed blackout period begins on 19 July. There is an exception, that being Powell's opening remarks for the Integrated Review of the Capital Framework for Large Banks Conference next week. The event is hosted by the Fed itself, so I guess that's how you make an exception. But it is a regulatory conference, so there shouldn't be anything that stands out. This article was written by Justin Low at www.forexlive.com.