The USD has had a nice bounce off the 79.80 support level. The move, started early Monday during the Asia open, when the market had its first opportunity to react to the crisis in the Ukraine. The market continued to buy dollars during the European hours and accelerated when the U.S. got in. However, the dollar faces the 80.10-15 area which was a former support level and now the USD finds itself hitting against that ceiling.
Categories: News and Commentary