A recent bearish bounce was seen when Usd failed to breakout above the daily resistance lien 114.38. Since then, the Usd market has been bearish as shown on the chart above. I still expect a decline in price towards 108.25 or even lower. On the way downwards, the key hurdles to look for include 111.70, 110.55 and ultimately 108.25. If these lines are breached, then further declines towards 106.00 is expected.
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