Major support- 96.45 (200- day MA)
US dollar index is consolidating after hitting low of 96.45.The index was trading weak for past 1 week and lost more than 150 pips .The decline was mainly due to dovish comments by Fed which has increased chance of rate cut and weaker than expected US jobs data.The US 10 year bond yield hits 2.05% lowest level since Sep 2017. The index recovered till 96.94 from low of 96.46 and is currently trading around 96.72.
The near term major support is around 96.45 and any convincing break below confirms weakness a decline till 95.95/95.75/95.15 likely.
On the higher side, major resistance is around 97 (100-- day MA) and any break above will take the index to next level till 97.42/97.80/98.
It is good to sell on rallies around 97 with SL around 97.40 for the TP of 95.95/95.75.


FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Woodies pivot (Major)
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 



