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14.11.202212:59 Forex Analysis & Reviews: Technical analysis of USD

USD:

Exchange Rates 14.11.2022 analysis

The chart shows the movement of dollar on the hourly chart (H1).

#USD quotes have reached the key support level of 106.24, which is decisive in the future dynamics.

Technical analysis says it is set for a protracted correction towards 109.00-109.20, provided that the support level of 106.24 is not in danger.

This means that traders should take long positions, with very short SL near 106.20.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
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