Dollar Index closing from resistance zone ahead of NFP

Dollar Index closing from resistance zone ahead of NFP

Rami
06 (10) 2016 - 12:00 (GMT)
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Dollar Index met Intraday-Levels target (see here) while closing from Short-Run targets of (96.50-75) as previous report advised (see here).

Technical Analysis showing downtrend resistance at (96.50-75) where market closing from it ahead of US labor market & Average Hourly Earnings data tomorrow Friday 7/10/2016

If those figures came weaker and below estimations this may delay expectations for another Rate Hike which may lead for another drop correction toward (95.00-30) support zone.

While if those figures came at or better than expected this may lead for a break out for resistance level which may set market in new uptrend wave that may target (98.50) zone with initial resistance level at (97.60).

 

USD INDEX

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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