Dollar had been climbing and reached an all time high of 101.00 before now retracing back towards support level of 100.60
With no significant news to be released from the US, anticipation is for retracement to continue in the short term, below 100.60.
Look for a bounce between 100.40 and 100.50, and a resumption of the uptrend back towards 101.00
Dollar denominated trades will likely be counter trend in the short term.
With no significant news to be released from the US, anticipation is for retracement to continue in the short term, below 100.60.
Look for a bounce between 100.40 and 100.50, and a resumption of the uptrend back towards 101.00
Dollar denominated trades will likely be counter trend in the short term.