US DOLLAR CURRENCY VOLATILITY HIGHLIGHTS GBP/USD, NZD/USD, USD/JPY:The US Dollar ended its 5-day straight rally with the DXY Inde
US DOLLAR CURRENCY VOLATILITY HIGHLIGHTS GBP/USD, NZD/USD, USD/JPY:
- The US Dollar ended its 5-day straight rally with the DXY Index set to slip roughly 0.25%
- USD worth motion focuses consideration on GBP/USD, NZD/USD and USD/JPY amid the newest Brexit developments, a looming RBNZ fee determination and stalling urge for food for threat
- Improve your market information with our free Forecasts & Trading Guides out there for obtain
The US Greenback slipped by a modest 0.21% on steadiness judging by efficiency of the DXY Index headed into Monday’s shut. Lack of power in USD worth motion to begin the week might be primarily attributed to an increase in spot GBP/USD on hopes that ‘Brexit paralysis’ could quickly come to an finish whereas spot USD/JPY slid owing to a pause in threat urge for food as doubts over the US-China section one commerce settlement come up.
US DOLLAR INDEX PRICE CHART: DAILY TIME FRAME (APRIL 10, 2019 TO NOVEMBER 11, 2019)
Chart created by @RichDvorakFX with TradingView
I famous within the US Dollar Price Volatility Report revealed this previous Friday that the Dollar’s rally final week was spectacular, but USD worth motion confronted an intimidating zone of technical resistance. This space of confluence – underpinned by the US Greenback Index’s 50-DMA close to 98.25 – seems to have stored a lid on additional upside development to this point.
An prolonged retracement…