Another week has passed, and the US Dollar has been on a strong upward trend for 4 straight weeks!
Because of various influences, the US Dollar has been rising steadily without any breaks.
However, from a technical analysis perspective, we have 2 potential cases:
- Firstly: Prices may plateau and form a reversal pattern around the current price level.
- Secondly: Prices could move sideways accumulation around this level before breaking out and toward the resistance zone at 105.2.
The two cases still lack consistency in their direction of movement, so we need more time to observe and make a decision.
Every decision you make should be based on a series of risk management rules, to help you develop good habits along with personal responsibility, qualities that are always present in successful people.
Wishing investors smart and effective investment strategies! And stay tuned for the next US Dollar updates.
By. Pham Thanh Bien
