InvestMate|Dollar Road To The South💲

💲Dollar Road To The South

💲As we can see, the Dollar, however, has chosen to go south in recent days all thanks to the inflation readings in the US, which again scored a fall as I wrote in previous posts.

💲Ahead of us there is a significant support zone determined on the basis of the 0.5 wave level from the 2021 bottom to the 2022 peak

💲Looking at the current stock market situation there I expect a continuation of the downward movement.

💲Above us is a resistance zone determined by the 0.382 level of the same wave as support.

💲Taking into account the MACD and RSI I have no doubts about the strength and direction of the trend.

💲The scenario I am playing out is a continuation of the declines to the levels of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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