USDollar: Meet Resistance: US Consumer Spending in the focus
Greenback recovered strongly after Black Monday. This is easy to understand because the China problem is just a short term impact and investors considers the low as chance to buy USDollar at lower level.
USDollar meet resistances :
-Kumo cloud.
- SMA100
- Resistance at 96.25
USDollar needs to be provided more fuel to rally and excess above those resistance levels.
Tomorrow, US Consumer Spending data such as US Consumer Spending, Personal Income, PCE data will play a key role in providing fuel for USDollar machine.
USDollar meet resistances :
-Kumo cloud.
- SMA100
- Resistance at 96.25
USDollar needs to be provided more fuel to rally and excess above those resistance levels.
Tomorrow, US Consumer Spending data such as US Consumer Spending, Personal Income, PCE data will play a key role in providing fuel for USDollar machine.
