(4 votes)

Last Updated Date: 28 July 2021 @ 6:57 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up, but remained below its recent highs, on Wednesday morning in Asia. Ripple effects from a crackdown in China and caution ahead of the US Federal Reserve's latest policy decision gave the safe-haven U.S. currency a boost, however.

The island top is triggering bear trending and calls for declines to attack 1.1770 support. A close under 1.1780 alerts for a larger turnover with initial declines likely sliding into the 1.1704 -1.1680 zone. Be careful for a bounce off 1.1750 to start a multi-day bounce / recovery into recent selloffs. Rebounds should be contained under Thursday’s gap. A close over 1.1855 is friendly.

Resistance 2       1.1855
Resistance 1       1.1836

Support 1            1.1790
Support 2            1.1770


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