USD divergence hinting at a positive reaction to NFP's
- There are 2 current bullish divergences on the RSI.
- This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's.
- Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against almost every major currency pair which are generally showing momentum ebbing away from price as well.
- This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's.
- Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against almost every major currency pair which are generally showing momentum ebbing away from price as well.