Technical analytics



The US dollar was slowly growing from the level 1.2800 to 1.2850 where the major found fresh bids and accelerated its incline on Tuesday. The pair spiked through 1.2900 and 1.2950 and headed towards 1.3000 where the dollar lost steam and retreated to 1.2950. The resistance is at 1.3000, the support stands 1.2950.

The currency pair may resume its upward trajectory and test 1.3000 today.

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