Long term trend: Up
Medium term trend: Up
Significant Levels: 11370 (Horizontal Support), 11690 (Horizontal Resistance), Uptrend
We can see in the price chart that the USD has been in a smooth way yup. The trend is normal. It is not steep. The price continues to make new highs which makes the new resistance area just a temporary one. There is really not much to tell here. US Dollar is strong right now and that is very clear in our price chart. This currency is best to be traded against weak currencies.
This analysis could be useful in analyzing other USD pairs. Trade well.
Medium term trend: Up
Significant Levels: 11370 (Horizontal Support), 11690 (Horizontal Resistance), Uptrend
We can see in the price chart that the USD has been in a smooth way yup. The trend is normal. It is not steep. The price continues to make new highs which makes the new resistance area just a temporary one. There is really not much to tell here. US Dollar is strong right now and that is very clear in our price chart. This currency is best to be traded against weak currencies.
This analysis could be useful in analyzing other USD pairs. Trade well.