This channel is important for the currency. if it breaks down, the first target will be 1.1700. I expect a rise and see 1.1900. ISM non-manufacturing PMI was not good enough to fuel the dollar to go up as fast as two days ago.
In the daily chart, we can see that gold is moving up in a trend channel and that SMA39 acts as a good support line as well. Now, the gold is confirmed above $1900 (historic resistance) and the pullback is almost finished with the triangle. the next resistance line is $2000 (because of the psychological aspect) and breaking that line is more likely. Then, we need...
I expect to see a rise to 106.000 before continuing another fall.
The RSI and MACD indicators signal that the currency is about to dip.