Forex Opinion & Analysis
U.S. Dollar Moves Higher
The US dollar is higher, now recovering after some FED speakers talked about tapering, which can become even more realistic if tomorrows NFP are strong. Technically speaking it will be important to observe the USD Index wave structure, and for now it has only three legs from the low, so move can be a contra-trend, especially if price can dip back below 92.00. On the other hand, rise towards 92.50 can be very bullish for the USD across the board.