💵 DOLLAR_INDX, H4 💵 3 April 2024
The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury yields and expectations of a prolonged period of high interest rates by the Federal Reserve.
The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses toward support level.
Resistance level: 104.95, 105.40📉
Support level:104.60, 104.00📈
The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury yields and expectations of a prolonged period of high interest rates by the Federal Reserve.
The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses toward support level.
Resistance level: 104.95, 105.40📉
Support level:104.60, 104.00📈