During Friday’s trading session, the currency exchange rate was supported by the 55-hour simple moving average to end the trading session at the 113.83 mark. On Monday morning, the US Dollar kept surging upwards to trade at the 114.13 mark.
In regards to the near-term future, most likely, the US Dollar will meet the weekly R1 at the 114.30 mark during the trading session on Monday. The 55-hour simple moving average should support the surge during the day.
On the other hand, the yellow metal could move sideways to stay at the 114.00 level during the trading session.
