During Thursday’s trading session, the currency exchange rate pierced the weekly S1 at the 113.16 mark to end the trading session at the 113.50 mark. On Friday morning, the US Dollar was depreciating to trade at the 113.26 mark.
In regards to the near-term future, most likely, the US Dollar will keep depreciating towards the weekly S1 at 113.16 to pass through its support to trade at the 113.00 level during the trading session on Friday.
On the other side, the US Dollar could be supported by the weekly S1 at 113.16 to push the currency exchange rate to recover itself at the 113.20 level
