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:


Share on Facebook
Share on Twitter
Please reload

Featured Posts

All You Need To Know About Bitcoin and How It Works

March 6, 2018

Please reload

Please reload

Search By Tags