RETAIL SALES REVIVE THE USD
Yesterday we spoke about the USD remaining bearish and despite our overall view remaining the same,
the retail sales data has driven the USD Index back above the key 97.30 resistance. We may see another
rally back into the $98.00 highs where price could form a triple top pattern before breaking lower.
The retail sales for the month of may recorded an increase from 0.3% to 0.5% from the previous month.
This data alone has increased the USD across the board.
the retail sales data has driven the USD Index back above the key 97.30 resistance. We may see another
rally back into the $98.00 highs where price could form a triple top pattern before breaking lower.
The retail sales for the month of may recorded an increase from 0.3% to 0.5% from the previous month.
This data alone has increased the USD across the board.
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