The dollar strength is giving a confirmation to this pair as well as other USD pairs.
After the series of news from CNH it still didn't convince the trend's overall movement.
It started bounced back/rejected at 61.8%
The 100 MA, has crossed & it seems there is a rejection on RSI as well which gives me more confidence in this pair that it will trend abit further towards demand area.
After the series of news from CNH it still didn't convince the trend's overall movement.
It started bounced back/rejected at 61.8%
The 100 MA, has crossed & it seems there is a rejection on RSI as well which gives me more confidence in this pair that it will trend abit further towards demand area.