Although we will see a dollar decline this year after breaking the 102 support, I can see with order flows and current speculative positions that dollar will not go down without a fight, therefore I can expect a short term technical rebound after being dramatically oversold.
Keep eye out on highlighted supply zones.
Keep eye out on highlighted supply zones.
Trade closed: target reached:
Dollar has strengthened as predicted to the supply zone, there is some weak rejection so will be waiting to see what happens tomorrow.
Comment:
Dollar has reached second supply zone where it is consolidating, CPI news will either make or break the dollar.