DXY #Dollar set for biggest weekly drop in two months
LONDON (Reuters) - The dollar nursed losses on Friday after sustaining a large overnight drop as growing speculation that the U.S. central bank may be readying to signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.
AUDUSD The market is testing support at 0.7150. We are waiting to see reversal signals in order to reinstate #LONG position , or alternatively the upward break of the 0.7400 resistance level. Next important support the 0.7010 level...next three months buy take profit of 0.7450 and 0.7670 ...
LONDON (Reuters) - The dollar nursed losses on Friday after sustaining a large overnight drop as growing speculation that the U.S. central bank may be readying to signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.
AUDUSD The market is testing support at 0.7150. We are waiting to see reversal signals in order to reinstate #LONG position , or alternatively the upward break of the 0.7400 resistance level. Next important support the 0.7010 level...next three months buy take profit of 0.7450 and 0.7670 ...