The US dollar found support from a rise in personal income in March. The pair previously found resistance at March’s high around 1.2880.
A bearish RSI divergence suggests a loss of momentum in the upward push. However, price action’s swift recovery from 1.2720 showed strong commitment from the buy-side.
A close above 1.2880 would bring the greenback to December’s high at 1.2960, where a breakout could trigger an extended rally. 1.2600 on the 30-day moving average is another major area of interest.
