USD was getting good support around 81.50 level but it needs to cross 82.50 and then its previous peak of around 83.50. Unless USD is crossing these levels in the upside, I am not getting a clear picture about its positive pattern. Wave count is giving a hint about more up moves but if USD does not able to break those higher levels then we have to think differently. In fact I am seeing lot of future options in either direction.
USD may try to make a base above 82; but it is difficult to rule out moves below 82 in coming days. Considering its future moves it is better if USD maintains 81.50 level. If USD drops below 81.50 level then there is a good chance that it will test 80.50 (which is its 61.80 retracement level considering 1st May low). If USD drops below 80–80.50 then things may not be good for it. In this moment I can say that in technical language, USD will not react with that bullish pattern if it drops below 72.696 but that is beyond our imagination for now.
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