As Fed put a halt towards further rate cut, the dollar has rebounded off from a 3-month low and recovered 50 per cent of the previous bearish wave.
Last week, the dollar went into consolidation and turned towards a retracement.
Therefore, there will probably be more bearish movement during this phrase of retracement until the price reaches the demand zone starting from the neckline of a double bottom at 97.8.
Since it is the phrase of retracement, let's wait and observe patiently until a buying opportunity presents itself.
Last week, the dollar went into consolidation and turned towards a retracement.
Therefore, there will probably be more bearish movement during this phrase of retracement until the price reaches the demand zone starting from the neckline of a double bottom at 97.8.
Since it is the phrase of retracement, let's wait and observe patiently until a buying opportunity presents itself.