The USD is fighting back - Forex News by FX Leaders

The USD is fighting back

Posted Monday, April 25, 2016 by
Skerdian Meta • 1 min read

After enjoying some good demand during the last several trading sessions of last week the US Dollar has been losing ground today. But right now it seems like it is trying to be in the mood for a battle. The 111 level in USD/JPY seems to be providing support while the AUD/USD and NZD/USD are reversing. We hope that the USD bulls take charge because we have a few forex signals long USD. 

The 50 MA in yellow seems to be providing resistance

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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