The US dollar continues to advance across the board supported by improving economic outlook.
After a short pause along the 20 and 30-hour moving averages, the sell-off renewed below 1.1760. A further drop below the psychological level of 1.1700 could drive the price towards. 1.1600, a critical support level for the ten-month-long rally on the daily chart.
As the RSI falls into the oversold area, a limited rebound could be met with selling pressure between the moving averages and 1.1775.
