💵 DOLLAR_INDX, H4 💵 5 April 2024
The Dollar Index, a gauge of the greenback's strength against major currencies, continued its downward trend, impacted by a disappointing US jobs report. The Department of Labor revealed an unexpected rise in Initial Jobless Claims from 212K to 221K, missing market expectations. This development could significantly influence expectations for upcoming key data releases such as Nonfarm Payrolls and Unemployment Rate figures.
The Dollar Index is trading lower while currently near the support level. Suggesting the index might experience technical correction.
Resistance level: 104.60, 104.95📉
Support level:104.00, 103.65📈
The Dollar Index, a gauge of the greenback's strength against major currencies, continued its downward trend, impacted by a disappointing US jobs report. The Department of Labor revealed an unexpected rise in Initial Jobless Claims from 212K to 221K, missing market expectations. This development could significantly influence expectations for upcoming key data releases such as Nonfarm Payrolls and Unemployment Rate figures.
The Dollar Index is trading lower while currently near the support level. Suggesting the index might experience technical correction.
Resistance level: 104.60, 104.95📉
Support level:104.00, 103.65📈