Comparing price action analysis and actual price change has been the basis of our continuing market outlook moving forward on the US Dollar as one of the main indicators where we derive the next probable direction in favor with or contrary to its current movement. Although, the formation below has been discussed the irony of the matter is that prices have retreated back to its original configuration in spite of the 92.62 low which it established last week.
The probability of a retracement will always be there. But the question as to when it would do so what we need to be able to anticipate on a technical perspective. However, market price action is dictated by market forces. Secular forces are current at work other than the fundamental data recently released by consumer confidence favoring a continuation of the USD to move higher; which we do not discount. Here are several case analysis based on Price action and on a technical angle.
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