I was expecting that USD may drop in later days. In past weeks I was talking about the short-term bearish pattern and now USD has already triggered that bearish pattern so if it fully reacts on that then Usd may test around 80 level. Here I must say that at level 81 it will face good support so expecting level 80 may not be easy.
Its close in the last day was higher from its lowest position but I am not sure about its moves in coming week. Any kind of flat moves may not be ruled out for Usd but that doesn’t guarantee that it may not drop in later days. Flat days may create frustrating environment for investors.
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