Remain flat. | 22 September 2022

Technical observation

On the hourly chart above USD rose above a resistance level 144.95 with a big green candle and currently it is trading above the just broken line with an increasing bullish bias, however, I expect a loss of this upwards movement followed by a retracement of price to the level mentioned above to pick long positions towards 147.10 with my stop-loss at 144.39. If price breaks below the level 144.95, I expect it to surge to the lower side after a correction and a rejection at the broken line, on your way downwards the ley levels to look for include 141.64, 139.18, the supportive zone 135.78-135.49, and the lower key level 130.34.

Trade recommendation

Remain flat.