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USD/PHP Forecast Today 24/01: USD Powers Higher (Chart)
(MENAFN- Daily Forex)
- During the Thursday session, we have seen the US dollar rally against the Philippine peso, as the market continues to try to get to the 59 PHP level. Of course, this was a major ceiling multiple times, and now it looks like we are trying to do everything we can to build up a certain amount of pressure to finally break out. It's also worth noting that the 50 Day EMA underneath should offer plenty of support, as the Philippine peso, albeit a small currency, has been a very interesting place to trade.

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