Markets: Mixed day, midweek

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The Dollar is endeavouring to cling on to its recent gains today as the DXY trades around the 20-day SMA and above the 90 mark. Bulls probably need to get back above the December high around 91.23 to stand any chance of arresting the long-term decline. This would then put us back in the range which held from August through to December last year. It is certainly worth noting that on a long-term chart, prices have been held up by the lows from the start of January 2018 which acted a very good support, before a strong bounce back.

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