US Greenback (USD) fell additional in a single day amid continued decline in UST yields. DXY was final at 97.42 ranges, OCBC’s FX analysts Frances Cheung and Christopher Wong observe.
Bullish momentum on day by day chart exhibits indicators of fading
“There’s neither tier-1 knowledge nor Fedspeaks for markets to digest. Day forward brings current dwelling gross sales knowledge. Bullish momentum on day by day chart exhibits indicators of fading whereas RSI fell. Dangers stay skewed to the draw back. Help at 97 ranges. Resistance at 97.60 (21 DMA), 98.50 (50 DMA), 99.60 ranges (23.6% fibo retracement of 2025 excessive to low).”
