© Dukascopy Bank SA
Right now the U.S. Dollar is expected to climb over the resistance at 5.5783 (weekly R1 and Jul 30 high) and then test a rising trend-line at 5.61. However, the supply at the latter level will likely force the pair to retreat, though the sell-off should prove to be short-lived and at the same time limited by the lower boundary of the channel.
© Dukascopy Bank SA