The dollar has shown that the consolidation has completed as it headed north through the whole of last week.
Every indicator is in favour of a bullish dollar such as the 20,55 and 200 moving averages that are pointing upward, the Bollinger band that has opened its mouth, and the MACD has crossed upwards above level zero.
The low and the high keep getting higher as it rises through a 4-month rising channel.
This week, we are expecting the dollar to keep rising and should the price were to retrace in the beginning, the price is likely to rebound off the demand zone below 97.6.
Every indicator is in favour of a bullish dollar such as the 20,55 and 200 moving averages that are pointing upward, the Bollinger band that has opened its mouth, and the MACD has crossed upwards above level zero.
The low and the high keep getting higher as it rises through a 4-month rising channel.
This week, we are expecting the dollar to keep rising and should the price were to retrace in the beginning, the price is likely to rebound off the demand zone below 97.6.
