US Dollar bounced back 89.970 but still to get through 90.450 and 90.690 to make new highs
|USD (DXY) Dollar bounced back 89.970 but still to get through 90.450 and 90.690 to make new highs
The USD pulled back after a good run breaking through 89.675 to reach highs of 90.690. The recent pullback has created support levels at 89.880 and now holds above a crucial support level at 90.200; the index will need to hold at this level to proceed to the next two critical levels at 90.450 and 90.690.
The current short-term trend is still in an uptrend, as indicated in the 30 minutes price chart below; however, prices will need to remain above the 89.820 support level to maintain the current trend.
Critical support levels: 90.200, 90.060, 89.820, 89.675, 89.435
Critical resistance levels: 90.450, 90.690, 90.930, 91.170
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