The dollar held firm on Tuesday, shrugging off selling pressure from a move higher in equities, as investors seemed to temper their bearish bets against the greenback ahead of a Thursday speech from U.S. Federal Reserve Chair Jerome Powell. The dollar, which often falls when stocks rise as investors seek out riskier currencies, had inched higher overnight -repelling the Australian dollar back under 72 U.S. cents and pushing the euro below $1.18.

The market is still within a downturn from last week’s selloffs. The GBPUSD market posture is negative showing a new low for today ⇒ 1.3030  - 1.2990. A close over 1.3217 (SAR)  is needed to

secure a short term reversing / bottoming turn.

R2          1.3126
R1          1.3084

 
S1          1.3040
S2          1.2998