The dollar index continues to fall. Today’s high was 108.685, which was reached in the morning of Tokyo, and since then it has been on a downward trend. In the early morning of London, it fell to 107.991. After that, the price took a lull, but remained in a rebound to around 108.30. It remains below yesterday’s closing price of 108.677.
The rising trend since early August has come to a halt. However, it remains above the 10-day support level (107.552), and the uptrend is still alive. Ahead of tomorrow’s Fed Chairman Powell’s speech, it is in the form of an adjustment movement.
The USD was expected to rise further, but it has fallen again and is trending in a range. Ahead of tomorrow’s Fed Chairman Powell’s speech, it is assumed that further nervous developments will continue from here.
Buying of USDJPY from yesterday has already stopped out. No position at present.
