The dollar has turned bullish again last week, not for its strong fundamental reasons, but the weakening fundamental outlook of other major currencies.
The month of March has ended and the dollar managed to close with a bullish candle and above 97.
This still shows that the dollar been the one with the highest interest rate will still fundamentally be stronger.
The price is currently still seen somewhat resisted in the current supply zone.
And based on the H4 chart, the price has gained 2 waves and I suspect there are strong selling orders above 97.2.
This week, the dollar is likely to range awhile and retrace lower towards the current demand zone at 96.5.
And eventually, the dollar is still expected to climb again and retest the 22-month supply zone at 97.6.
The month of March has ended and the dollar managed to close with a bullish candle and above 97.
This still shows that the dollar been the one with the highest interest rate will still fundamentally be stronger.
The price is currently still seen somewhat resisted in the current supply zone.
And based on the H4 chart, the price has gained 2 waves and I suspect there are strong selling orders above 97.2.
This week, the dollar is likely to range awhile and retrace lower towards the current demand zone at 96.5.
And eventually, the dollar is still expected to climb again and retest the 22-month supply zone at 97.6.
