DXY - 11Oct2021DXY - 11Oct2021
NFP last friday actual was lower than expected (194K vs 490K) and Unemployment Rate better than expected (4.8% vs 5.1%). Will Fed delay their tapering after this result?
Technically, DXY weekly time frame indicate a bullish momentum with limited upside. Last week candle close as Doji indicating indecision.
In H4 timeframe, price found support at the 61.8% Fib retracement. If the price bounce to 1st Resistance it will face strong bearish pressure for a pullback.
This is for personal record purposes only, not financial advise or solicitation of trade.
