Sunday, July 10, 2016

Dollar Index closed with a doji

With much better than expected NFP on Fri, rally failed to hold and closed with a Doji at 96.3 level. The pull back may due to 
1) higher unemployment rate  than forecast and previous month
2) lesser increase in average hourly earnings when compare to forecast and previous month.
Due to lack of US economic data at the beginning of the week, watch out for GBP Inflation report on Tue and GBP interest rate decision on Thur may affect movement of US dollar index.  Sideways may continue for time being.
Resistance at 96.3, TLD2, 97.3, TLU6, TLD3, 98.3
Support at TLU7, 95.0, TLD7, TLU8, 94.0, TLD1, 93.3, 92.5

USD Impact currencies/Gold/Crude(wow)

Weekly chart with 50 SMA

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