US Dollar index has recovered sharply and has broken 94.15 after US Non-farm payroll. It is currently trading around 94.15. US employment drops 33000 in Sep compared to forecast of 90000 due to Harvey and Irma. But unemp…
US Dollar index has recovered sharply and has broken 94.15 after US Non-farm payroll. It is currently trading around 94.15.
US employment drops 33000 in Sep compared to forecast of 90000 due to Harvey and Irma. But unemployment rate falls to 4.2% from 4.4% lowest level since Dec 2000 and wages increased by 12 cents or 0.5%.
The index has broken major resistance at 94.15 and jumped till 94.27. Any break above 94.15 will take the index to next level till 94.60/95.
The index major support is at 93 (23.6% retracement of 91.01 and 93.67) and any break below targets 92.77 (34- day EMA)/92.29 (20- day MA).
It is good to buy on dips around 93.65-70 with SL around 93.25 for the TP of 94.60/95.
