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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