The dollar was up on Friday morning in Asia, with higher-than-expected U.S. inflation data and hawkish comments from a Federal Reserve policymaker accelerating expectations of aggressive interest rate hikes. However, similar pressures globally capped gains.
Last days drop off signals a short term turn back to the prevailing bear trend of previous weeks and should continue to foster an attack under the 1.1266 swing low. A close under 1.1266 projects a larger bear wave to 1.1121 support near term.
Last days drop off signals a short term turn back to the prevailing bear trend of previous weeks and should continue to foster an attack under the 1.1266 swing low. A close under 1.1266 projects a larger bear wave to 1.1121 support near term.
