Sforex
Long

USDollar: Meet Resistance: US Consumer Spending in the focus

INDEX:DXY   US DOLLAR CURRENCY INDEX
82 0 1
Greenback recovered strongly after Black Monday. This is easy to understand because the China problem is just a short term impact and investors considers the low as chance to buy USDollar             at lower level.

USDollar             meet resistances :

-Kumo cloud.

- SMA100

- Resistance at 96.25

USDollar             needs to be provided more fuel to rally and excess above those resistance levels.

Tomorrow, US Consumer Spending data such as US Consumer Spending, Personal Income             , PCE data will play a key role in providing fuel for USDollar             machine.

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