Small US Dollar may rise 67 - 116 pips

Our pivot point stands at 169.33.

Our preference

The upside prevails as long as 169.33 is support.

Alternative scenario

The downside breakout of 169.33 would call for 169.05 and 168.76.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Small US Dollar is trading above both its 20 and 50 period moving average (respectively at 170.32 and 170.13).

Supports and resistances

171.78 **

171.49 *

171.00 **

170.81

170.33 last

169.62

169.33 **

169.05 *

168.76 **

Number of asterisks represents the strength of support and resistance levels.