USDollar: Meet Resistance: US Consumer Spending in the focus
Greenback recovered strongly after Black Monday. This is easy to understand because the China problem is just a short term impact and investors considers the low as chance to buy USDollar at lower level.
USDollar meet resistances :
-Kumo cloud.
- SMA100
- Resistance at 96.25
USDollar needs to be provided more fuel to rally and excess above those resistance levels.
Tomorrow, US Consumer Spending data such as US Consumer Spending, Personal Income , PCE data will play a key role in providing fuel for USDollar machine.
USDollar meet resistances :
-Kumo cloud.
- SMA100
- Resistance at 96.25
USDollar needs to be provided more fuel to rally and excess above those resistance levels.
Tomorrow, US Consumer Spending data such as US Consumer Spending, Personal Income , PCE data will play a key role in providing fuel for USDollar machine.
