Today, traders also had a chance to take a look at the Pending Home Sales report for May. The report indicated that Pending Home Sales grew by +3.8% month-over-month in May, compared to analyst forecast of +0.8%.
Better-than-expected reports provided support to the American currency. However, traders stay cautious as they wait for Fed decision and first comments from new Fed Chair Warsh.
A successful test of the resistance at 99.70 – 99.85 will open the way to the test of the next resistance level, which is located in the 100.50 – 100.65 range.
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