Dollar approaching target levels in many pairs

Discussion in 'Technical Analysis' started by ForexLive, Sep 8, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Lets take a look EURUSD USDJPY USDCHF AUDUSD NZDUSD With the dollar at or approaching key levels in a lot of currency pairs, the dollar rally may stall OR it could accelerate on a break. Key moment. Buyers of the dollar are more in control. The sellers (and they may be the buyers from below) have to prove they can take back control. They will do that by taking back some of the levels taken out to get to these key levels.

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