The dollar index opened today with an upward gap and is currently returning to the closing mark from yesterday.
We see rising minimums and highs on the chart, which is why we traced an ascending equidistance channel. At the moment we expect the pair to continue the upward movement within this channel. Our price has departed from the lower boundary and is now directed upwards.
Moreover, today’s data from Australia helped the rate of the Australian dollar. Oil prices are also helping to some extent, therefore, before the publication of today's OPEC report, we expect the price of energy resources to strengthen.
Technical indicators indicate a purchase. We advise you to look for points to enter long positions on this instrument.
