WCUUSD dropped back to the 61.8% Fibonacci level again. We expect to receive support at that level this time as well as the previous two times. Added support is the trend line from the bottom side. The new start of the WCUUSD bullish consolidation means that the dollar is starting a new growth and recovery. We will need a few days to confirm that option.
Note
for now we are getting support, we also have confirmation on the dollar chartNote
Note
a positive sign that the dollar should move to the bullish side
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.