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USD in between price zones no test of 90.80 resistance yet

By Scott.Andrews

 APR 30, 2021

USD Index 30 04 2021

In my article I posted yesterday I mentioned a sell trade idea if price could get to 90.80, the high last night was only 90.74 so no trade was taken. Price is being held in a tight range so far today and will I will be watching to see if we move lower to 90.40 where recently we did see buyers step in or alternatively a sell of price can get back to 90.80 which has offered resistance. With the Fed’s announcement on Thursday morning GMT+8 time zone it seems the markets are starting to ease with the earlier than expected inflation concerns with bond yields only moving slightly higher at around 1.65%. Get the full article here and more Forex news and analysis from the team at Forex Trading Asia https://www.forextradingasia.c...