The US dollar's two-week-long rally came to a halt at the October highs around 1.0025. We may expect a pull back for the next few days as longs take some chips off the table. This would be the first retracement after the faster MA crossed above the slower one, a sign that buyers may have taken control of the action. The immediate support level can be found at the moving averages, while 0.9880 would be a major level to maintain the medium-term uptrend.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.