Potential Buy Alert USD

USD – Betashares US Dollar ETF

USD has been heading south but may be coming into a point where buyers are happy to support price. We can see the ETF is heading down to support around 12.00 and is currently stretched into oversold territory so we are looking for the US interest rate increase story to take hold and buyers start to march price higher. We are now watching for a higher low to build potentially off a washout of the 12.00 level.

Stock Code : USD – Betashares US Dollar ETF

Company Website : www.betashares.com.au

Current Price : 12.16

Status : On watch for buy entry setup