Dollar Supported at Neckline
The dollar pulled back from a 3-month high and found support at neckline 91.44 after erasing the week's gain.
The dollar was under pressure as the US bond yield rally halted. However, the pullback was shallow and it soon returned to 1.6% and a little breakthrough took place before the market closed.
Therefore, the dollar may continue to climb on technical support together with a persistently rising yield.
This week, we can continue to buy the dollar around 91.5 demand zone, targeting the supply zone above 93.
The dollar was under pressure as the US bond yield rally halted. However, the pullback was shallow and it soon returned to 1.6% and a little breakthrough took place before the market closed.
Therefore, the dollar may continue to climb on technical support together with a persistently rising yield.
This week, we can continue to buy the dollar around 91.5 demand zone, targeting the supply zone above 93.
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