Dollar once again hit 4.25$ level which was resistance from 2016 to february 2022 when price went above and this way created support which was tested in may/june 2022, january/february 2023 and right now. It seems solid so I would expect 5$ level retest in the near future and that way creating double bottom on current support. But if price will go below 4.25 and the volumen will be significant it can fall down. On 12th April US CPI level is going to be published and on 14th April PL CPI. Having up-to-date information, I do not plan to open a position earlier than next week.
CPIDouble BottomDouble Top or BottomFundamental AnalysisplnpolandresistencesupportSupport and ResistanceUSADJ FXCM Index

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