Last week we saw a big sell off on Friday.
The U.S President stating that he want to see a weaker dollar to aid competitiveness and the tensions of trade war between U/S and China gave a weaker dollar.
This is now a beneficial stage for traders as before we did not have a clear direction for dollar and the market only moved sideways.
Now going technically, we will see further decline in the USD. If we get a pullback and retest of resistance at 97.91 price zone, it will be a good place to look for selling opportunities with our target set at 96.39 price zone.
The U.S President stating that he want to see a weaker dollar to aid competitiveness and the tensions of trade war between U/S and China gave a weaker dollar.
This is now a beneficial stage for traders as before we did not have a clear direction for dollar and the market only moved sideways.
Now going technically, we will see further decline in the USD. If we get a pullback and retest of resistance at 97.91 price zone, it will be a good place to look for selling opportunities with our target set at 96.39 price zone.