FXstreet.com (Barcelona) - The Dollar has gained all the ground lost in Asian session, and, after having hit a fresh 5-week low at 95.60, the Dollar has risen to levels around 96.60 resistance area, reaching levels 0.15% below the day opening level.
Despite Dollar attempts to break higher, Valeria Bednarik, collaborator at FXstreet.com warns about the 95.90 support zone: Despite some upside correction, the pair failed to break a descendant trend line around 96.40 now, and first dynamic resistance for the next hours, despite indicators suggest some upside continuation. Break under 95.90, could send the pair to retest today's low zone, around 95.50/60, and under that, next support will come at 95.20.
Above 96.60, next resistance could be at 97.55 (Apr 22 low) and then 98.00. On the downside support levels lie at 95.95 and below there 95.60; once below there, next support could lie at 94.85.
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