Dollar Loses More Against Sol!
EWFOREX.NET
US Dollar Sol Slides below the 3.7064 Feb low. The pair is trading at the 3.6845 Soles per Dollar, just short of the Fibonacci 1.212% 3.6780 BvsA support.
Inflation along with Commodities are up all over the word driving Dollar Sol down to levels not seen since mid-May of last year.
If price keeps dropping and falls below the Fibonacci 1.382% 3.6670 BvsA than we can expect a move down to the 3.6433 Fibo 1.618% BvsA. A drop that low would put the triangle out of question and bring in a possible extension of the drop from the Dec 2021 high.
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