This market action is enough to make anyone yawn—it feels like the market hasn't even opened.
FDUSD is hovering around 0.998, with a 24-hour range of less than 0.01%. Trading volume is also flat. Neither bulls nor bears have much conviction, and this kind of tedious, narrow-range movement is a real test of patience.
Watch for resistance around 0.9986 and support near 0.9980. Given this sideways trend, do you think FDUSD can hold steady?
The above is solely an observation of technical structure and does not constitute any trading instructions or investment advice.
$FDUSD
FDUSD is hovering around 0.998, with a 24-hour range of less than 0.01%. Trading volume is also flat. Neither bulls nor bears have much conviction, and this kind of tedious, narrow-range movement is a real test of patience.
Watch for resistance around 0.9986 and support near 0.9980. Given this sideways trend, do you think FDUSD can hold steady?
The above is solely an observation of technical structure and does not constitute any trading instructions or investment advice.
$FDUSD