Looking at last week’s market data, the us dollar trend is still in a recovery phase from l2 to t2. Based on analysis, the price is expected to recover around the technical convergence zone of 101.7
The main trend is still downward, so we should wait for resistance convergence zones to form and then follow the trend.
This week, keep an eye on important news like CPI, PPI … These announcements will directly affect the price and also impact the prices of other assets like gold and oil.
So, be cautious with your investment decisions. Only when you’ve carefully analyzed your moves, with an effective risk management strategy can you stay firm in the market and achieve significant profits.
Wishing investors smart and effective investment strategies! And stay tuned for the next US Dollar updates.
By. Pham Thanh Bien
