The dollar inched down on Monday morning in Asia, giving up some earlier gains, with investors still digesting U.S. Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium the previous Thursday. Powell's speech unveiled the Fed’s new approach to inflation, which has been interpreted to mean low rates for a longer period.

The market is bullish. Last week’s flagging congestion days keeps trade poised for follow through rallies and close over 1.1955 could add pressing moves over 120.00 and above. Any corrective dips should hold 1.1880  to maintain strong bull trending action. Only a close under 1.1811 (SAR) signals a reversing turnaround.

R2          1.1955
R1          1.1924

S1          1.1880
S2          1.1861