From technical point of view, the currency rate had all means to make a rebound near the 114.24 mark and make one more attempt to reach the monthly R1 at 114.84. However, changes in ten-year treasury rates led to depreciation of the buck and drove the pair out of an ascending channel. The downfall was not sharp, as the pair managed to quickly recover near the 113.73 mark. Although location of moving averages and pivot points indicate on recovery of the Dollar, there is a need to bear in mind potentially high volatility that could be caused by fundamental factors. Namely, traders might suddenly turn to safe haven Yen if Donald Trump continues his hot rhetoric during the visit to South Korea and other Asian countries.
