The Dollar
index has reached a very good resistance at the 95.00 level and it has not been
able to break that level to the upside as shown on the daily chart. The Dollar
gained strength this Friday versus most of its counterparts as the NFP numbers
came out somehow mixed. While the number of new jobs created came out lower
than expected, the US unemployment level came down from 4.2% to 4.1%. The
Dollar has been very volatile, but it has not taken a clear direction. Above
the 95.00 level, its next resistance could be the 95.50 level, but the 96.00
level could also act as a resistance. To the downside, the 94.00 level is its
closest support along with the 55 day EMA. The 93.00 level could act as a more
relevant support on the index.
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It's undecided for the moment.
ReplyDeleteThank you for the analysis!
ReplyDeleteGreat post! Thank you!
ReplyDeleteGood post. Very helpful.
ReplyDeleteVery useful information! Thanks.
ReplyDelete