We have been looking for the USD to sell off this week due to FED Chairman Powell less hawkish position on the US economy and the false break of the $97.00 resistance.
Looking at the daily chart here we can see that the market may be looking to re-test the $97.00 resistance and if we are to see the USD sell-off we should see this pattern
complete. A break of the low around $96.00 will be enough to see the market form a daily lower low giving us a better idea of further downside.
Looking at the daily chart here we can see that the market may be looking to re-test the $97.00 resistance and if we are to see the USD sell-off we should see this pattern
complete. A break of the low around $96.00 will be enough to see the market form a daily lower low giving us a better idea of further downside.