The US Dollar (USD) trades a little softer against most major peers on Monday as there is not much to report for the Greenback, with US markets closed for the Memorial Day holidays.
The US Dollar index closed below the key 105.00 level last week, extending the downside on Monday. US markets are closed due to the Memorial Day holiday on Monday. The US Dollar could ease further after an important daily and weekly close on the charts. The US Dollar trades a little softer against most major peers on Monday as there is not much to report for the Greenback, with US markets closed for the Memorial Day holidays.
00 big round level. Further up, the following levels to consider are 105.12 and 105.52. On the downside, the 200-day SMA at 104.40 and the 100-day SMA around 104.30 are the last line of defence. Once that level snaps, an air pocket is placed between 104.30 and 103.00. Should the US Dollar decline persist, the low of March at 102.35 and the low from December at 100.62 are levels to consider.
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