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US Dollar Forecast

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by , 05-08-2022 at 06:04 AM (168 Views)
      
   
[QUOTE=TheNews;151949]Fed balance sheet tightening just around the corner. Ahead, all eyes are on US CPI and a slew of Fedspeak amid jittery markets.

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Daily price is located above Ichimoku cloud in the bullish area of the chart. The price is trying to cross the bullish triangle pattern with 103.96 resistance level to above for the bullish trend to be continuing. Alternative, the price may be bounced from resistance level to below for the secondary ranging to be started.

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