Key Decision Level For Dollar Index
Interesting week on The US Nonfarm Payrolls data on Friday, completely wrong-footed financial markets on Friday, posting a blockbuster rise of 2.5 million jobs versus an expected drop of 8.0 million jobs. However, we expect the rotation out of US dollars to continue uninterrupted this week, with no sign of a waning of momentum in the global recovery trade.
Key decision price 1 is at resistance level of 97.71, breakout in the resistance level will see US Dollar Index surge higher to at least 98.97.
Key decision price 2 is at support level 96.41, breakout in the support level will see US Dollar Index moves further down to at least 94.99.
Author: S.I.D. Aizu
Key decision price 1 is at resistance level of 97.71, breakout in the resistance level will see US Dollar Index surge higher to at least 98.97.
Key decision price 2 is at support level 96.41, breakout in the support level will see US Dollar Index moves further down to at least 94.99.
Author: S.I.D. Aizu
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