The US dollar in the last session has indicated that the price trend will continue sideways recovery. However the current primary trend is still downward. So we will wait for the price trend to rebound to the convergence resistance levels above and follow the trend.
Based on analysis, the price trend will recover around 105 zone before continuing to decline. This will directly affect the trends of gold, oil prices.
However, as the price trend is currently sideways, we will adapt by prioritizing short term closing strategies to optimize profit generation. Simultaneously, commit to obey risk management principles to steadily step by step towards a prosperous life.
Wishing investors smart and effective investment strategies! And stay tuned for the next US dollar update.
By. Pham Thanh Bien
