DXY - 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.
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.