Wave Analysis
The us dollar continues to rally within the falling wedge formation. After bouncing off from the lower trendline, The us dollar continues to the upperside and is still pretty much bullish. On this chart, we are expecting a possible momentum to the upperside but should not go beyond the upper trendline. If the price breaks and closes above the upper trendline, then further momentum to the upperside with an ultimate target at 106.850. And should the price break below the lower trendline, then a momentum towards 102.930 is expected.
Trade Recommendations:
Buy Us dollar towards the upper trendline.
Origin: FreshForex
