US Dollar (USD) Prediction
Good Morning friends!
Being acknowledged as "The most powerful country of the world", United States of America is still unable to manage its shaking economy. The degraded value of USD from past few months is attributed to many factors such as high unemployment, increased debt levels, partitioned government and inadequate health care system. The finance department is still willing to purchase 120 billion dollars in order to drive the diseased and tumbling economy. The new government is placing its best players in the political landscape and their first target is to stop devaluing US dollar in the trading market. Therefore, the new government is going to recover the virus-disturbed economy with increased employment generation opportunities.
Technical Aspects at 1-D Timeframe
The value of US dollar has shown some recovery from past few hours but still it has gotten down with -0.06%. The current price is swinging at 89.47 and the indicators are positioning some positive movement of this Greenback. A strong resistance will hamper its bullish movement at 89.75 and there are fewer chances to break the expected resistance. Please share your views regarding USD current and expected pattern.