The US dollar tumbled after February’s jobs data showed slower wage growth. A previous fall below 0.9350 was a sign that the buy side had difficulty in holding on to their gains. Coming off the newly formed double top at 0.9440 a break below the swing low of 0.9290 then the daily support of 0.9210 suggests that the bears may have turned the tide. As the RSI bounces back from the oversold area, 0.9120 is the next level to see if any buying interest would emerge and 0.9290 is the first resistance to lift should this happen.
