USD/ILS will break down from a key support line

The pair will break down from a key support line, sending the pair lower towards a downtrend support line. A demonstration happened in Israel despite the coronavirus outbreak. The rally calls for the incumbent prime minister, Benjamin Netanyahu, to resign. In recent months, the Israeli government came under pressure after Netanyahu failed to form a coalition government. This led to the 2 major parties to agree on a term sharing agreement. Netanyahu will end his 11-year run as the country’s prime minister. Yesterday, April 20, Netanyahu and his rival, Speaker of the Knesset Benny Gantz, agreed to form a unity government. This will end Israel’s year-long political crisis. In other news, Israel has still one of the lowest coronavirus related deaths. Meanwhile, the US is nearing the 800,000 mark of coronavirus cases and 45,000 deaths. Unemployment in the country is also surging, which will lead to the US economy and the US dollar to fall.