The close over 99.20 looks bullish but with a couple of pivot points before 101.50 to get over, we’re looking for a big spike higher to confirm the trend for the USD much higher.
Below 98.20 longs will be wrong, but now we have had 4 up days in a row. USD/CAD and USD/YEN confirm whilst the signal from AUD/USD is confused by much higher inflation numbers in Australia and market keen to hear how the RBA is going to “depend on the data”, or does that only apply to friendly data?