US Dollar Remains on the Ropes, Clocking Multi-Year Lows Against GBP and AUD

From fpmarkets.com

February, as you can see, remains considerably off worst levels and recently entered positive territory, trading 0.2 percent higher. Closing the month out at current prices, in the form of a hammer candle (bullish signal at troughs), is likely to excite candlestick enthusiasts. Downstream, 1.1857/1.1352 represents demand; northbound shines light on ascending resistance (prior support – 1.1641). In terms of trend, the primary uptrend has been in play since price broke the 1.1714 high (Aug 2015) in July 2017. Daily timeframe: The greenback resumed its slide Monday, elevating Europe’s shared currency for a third ... (full story)