Dollar remains resilient
The United States Dollar Index continues to trade in consolidation but due to time factor, price is now trading above the descending trend line with the 50 period exponential moving average (EMA) as the next form of resistance.
We will reiterate that even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level. Upside potential is still possible if the Dollar managed to trade above the 105.00.
We will reiterate that even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level. Upside potential is still possible if the Dollar managed to trade above the 105.00.
