USD to slide more...
watch the rest of the week.
The USD is likely to slide down further based on the MACD; but VolDiv suggests that it is not likely to be a drastic off the cliff type.
A revisit to the last low is very probable (small yellow ellipse) as it broke down the TDST (red dotted line) and should continue to remain below. If it closes the week below the TDST, USD is in a firm bearish trend and next downside target is at 99.
The USD is likely to slide down further based on the MACD; but VolDiv suggests that it is not likely to be a drastic off the cliff type.
A revisit to the last low is very probable (small yellow ellipse) as it broke down the TDST (red dotted line) and should continue to remain below. If it closes the week below the TDST, USD is in a firm bearish trend and next downside target is at 99.
Revisiting the support again?