Usd Index- change of trend?
100 proved to be strong resistance for Usd Index and the "basket" put in a nice "evening star"candles formation visible on the weekly chart. Now the index is sitting just above support and a break here could accelerate losses towards 93.50 and 92.30.
Considering the fact that the losses are made from usdjpy depreciation and eurusd gains a break will also effect lagging pairs like AudUsd and especially NzdUsd
Considering the fact that the losses are made from usdjpy depreciation and eurusd gains a break will also effect lagging pairs like AudUsd and especially NzdUsd
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