FXstreet.com (Barcelona) - The Dollar broke on Wednesday below mid July low at 91.75 to hit a 6 month low at 91.60 and the pair has remained consolidating, during Asian session, in a range from 91.90 to 92.25.
According to Liviu Flesar, technical analyst ay InnerFX, points out to a downward trending resistance line from 95.05 high on Aug 24, which is holding the pair down: Extended gains may bring the downward trend line marked on the attached 4-hrs chart below on focus. A break above the mentioned trend line is needed to signal a change in short-term's trend but it will be quite hard to advance too far above 93.00 while downtrend is so strong.
Resistance levels, according to Flesar, lie at 92.25/30, 92.50/65 and 93.00/25. On the downside, support levels are 92.00, 91.50/65 and 91.00.