Investing.com investing.com 11 Jan, 2021 06:30 am

Is The Dollar's Decline Since The U.S. Election Set To Correct?

Is The Dollar's Decline Since The U.S. Election Set To Correct?
Forex Analysis by Marc Chandler covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read Marc Chandler's latest article on Investing.com

It tested the 20-day moving average (~90.The moving average has capped counter-trend rallies for nearly two months.It briefly traded below the 20-day moving average (~$1.The dollar's technical tone looks strong, and the five-day moving average is poised to cross above the 20-day next week.

3540 area, with the 20-day moving average in the middle of it.The 20-day moving average is found at the upper end of that range, and the dollar has not closed above it since late last September, and it has been violated on an intraday basis only a handful of times since.

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