Technical Observation Recently, USD has made lower highs but is currently rallying just above a key support line 113.62. This support should protect any breakout below it, but if this is breached, then its better to wait for retracement to the just broken line to short USD towards 113.15. On the 4hour chart above, I expect a bounce from 113.62 to long USD towards 114.35. At the moment, I'm waiting for a clear signal that there's a rejection from 113.62 to long USD.
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