The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
US dollar: forecast for April 10-14
In line with expectations, the US dollar is consolidating within the wedge. Resistance lies at 101.50 (resistance line from this year’s high). The USD is capable to reach this level, but we believe that fresh drivers will be needed for further expansion. Support is at 100.00, 100.00 and 99.20.
The pound is highly volatile after a Brexit referendum. Have a look what other factors affect the UK currency. And get clues on future movements of GBP.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.