RowaynaAhmed

Positive Data Released by The Bureau of Labor Statistics.

TVC:DXY   מדד מטבע דולר אמריקאי
The US dollar index has faced a rise of 0.35% between the support line 94.283 and the resistance line 94.609, and this is due to the positive data released by the Bureau of Labor Statistics about three economic indicators. Firstly, the unemployment rate which has been less than the expected percentage by 0.1%. Secondly, the average hourly earnings which has been more than the expected percentage by 0.1%. Thirdly, the change in employment in the non-agricultural sector which has been more than the expected data by 76k points. Therefore, the index is expected to rise to breach the resistance line 94.609, on the contrary, if the index declines, it will break the first support line 94.44 to meet the second support line 94.283 then the third support line 94.19
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