The dollar has shown resilience this week as the price was supported twice by the demand zone at 96.7 and has begun to climb again.
The price has previously broken above a falling trendline thus signals for the price to climb further
After this week, the price has completed 2 waves of retracement where the price is now seen rebounding off from key demand zone at 96.7.
The dollar is ready to proceed with another wave of bullish trend this week despite the fact that the Fed is most likely to cut rate this month.
The dollar still holds the highest interest rate after all and it is still a considerably good safe-haven asset to hold.
The price has previously broken above a falling trendline thus signals for the price to climb further
After this week, the price has completed 2 waves of retracement where the price is now seen rebounding off from key demand zone at 96.7.
The dollar is ready to proceed with another wave of bullish trend this week despite the fact that the Fed is most likely to cut rate this month.
The dollar still holds the highest interest rate after all and it is still a considerably good safe-haven asset to hold.
