FXstreet.com (Barcelona) - The Dollar has appreciated from 97.60 low to reach a new intra-day high at 98.45, although the pair has not been strong enough to break above 98.45 level and pulled back to about 98.30 at the time of writing.
The Dollar seems to be trading roughly between the upward trending support line from 87.00 Jan 21 low; now around 97.80, and resistance area between 98.30/45 so far, unable to break above or below these levels.
On the upside, above 98.45, next resistance level stands at 98.90 (Apr 21 high), and ab0ve here, 99.15 and 99.40 (Apr 20 high). On the Downside, 97.60 seems to be acting as strong support; below here, next support levels could come at 97.25 (Mar 31 low) and 96.65.
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