FXstret.com (Barcelona) - Dollar recovery from Wednesday's low art 95.10 has capped at 96.45 during European trading session and the pair pulled back to levels below 96.30. which is under pressure again.
According to the Swiss e Trade Strategy Team, the Dollar could break above here to aim for the 96.90 area: The dollar is gaining ground against the yen in early European trading. Currently at 96.40 around the resistance at 96.50, we expect this resistance to be broken on the upside today, reaching levels around 96.90.
In case of returning above 96.30, next resistance could be located at 96.80 (Aug 12 high) and 96 90/95. On the downside, initial support level lies at 95.70/75, and below there, 95.12 (Aug 12 low) and 94.80/85 (Aug 6 low).