The USD/ILS has provided speculators with a tight range, and day traders looking to take advantage of technically perceived support and resistance levels may want to wager.Pexels

Concerns remain on the horizon economically for Israel taking into consideration the lack of a cohesive political coalition looking beyond the mid-term, but for the time being financial institutions seem to be capable of brushing these worries to the side. The USD/ILS has regained equilibrium and the current price range might prove to be a testing ground the remainder of this week. USD/ILS 3.60000 as a Barometer for Technical TradersWhile most outside observers would not think of the 3.60000 level as a particularly important psychological mark for the USD/ILS, the currency pair has shown plenty of magnetic force since the middle of February regarding this value. The ability to sustain prices below the ratio for the time being may serve as a point for speculative bets in the short-term.Tomorrow’s inflation data from the U.S via the Consumer Price Index numbers are sure to cause a reaction in the broad Forex market, last month’s results did cause a volatile wave within all the major currency pairs. The strong than expected results via the key inflation statistics in February caused strength to be flashed in the USD momentarily.More By This Author:Weekly Forex Forecast – Sunday, March 10USD/TRY Forecast: The Turkish Central Bank Continues Adopting Tighten Monetary Policy ProceduresEUR/USD Weekly Forecast: Speculators Should Prepare for Volatility This Week