As you already know, the US dollar is very strong, the rate has managed to break above the UML and also the static resistance from 0.9583 – 0.9596. Yesterday the price came back to test the broken level, now is trading above the 0.9596 but we can not exclude the possibility of a correction after this upward movement. The resistance is at 0.9683 and the support can be found around the 0.9583 level.
By Olimpiu Tuns – Owner and Market Analyst at http://ovtbusiness.com/en/