Decent support seen here, Fundamentally USD and rates should prevail, Return to RoRo (ON), the dollar will continue to be the GO TO global currency. Rising rates, good economic data, stable economic growth all bode well for the greenback. While this current channel may break, and we will play a tight stop, in the longer term the dollar is still trending higher, until it no longer is, and that does not appear to have happened quite yet. We feel the recent decline, was a needed pullback and that the dollar will continue to march on and head higher. If not immediately, then at least in the medium term.
Buy USD 95.10
SL 94.70
TP 1 - 95.90
TP 2 Look for extenstion above previous highs above 97.00
Buy USD 95.10
SL 94.70
TP 1 - 95.90
TP 2 Look for extenstion above previous highs above 97.00
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