US Dollar Rallies to Three-Month Highs, Finds Resistance at 2017 Low

April 24, 2018

Talking Points:

 

- The US Dollar has continued to gain, continuing last week’s move of strength to tally a 2% move off of last Tuesday’s lows. DXY is now testing a key area of resistance around the 2017 swing-low, and the potential exists for a deeper move of USD-strength as we approach rate decisions out of Europe and Japan.

 

- The big question around the US Dollar is whether a short-term spate of strength might be able to turn into anything more. The down-trend in the Dollar is now more than a year-old, and there’s a case to be made for a short-squeeze scenario after the Greenback spent most of Q1 dwindling around three-year lows.

 

To Read The Full Article Please Visit The Following Link:

https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2018/04/24/us-dollar-rallies-to-three-month-highs-finds-resistance-at-2017-low-srepstans.html?DFXfeeds=forex:fundamental:daily_briefing:session_briefing:daily_fundamentals

Tags:

Share on Facebook
Share on Twitter
Please reload

Featured Posts

All You Need To Know About Bitcoin and How It Works

March 6, 2018

1/1
Please reload

Archive
Please reload

Search By Tags