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Home » Dollar index gained and formed bottom after positive US Data. Major currency pairs today’s technical levels.
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Dollar index gained and formed bottom after positive US Data. Major currency pairs today’s technical levels.

Dollar Index

 

 

Dollar index recovered and formed a bottom at a lower level after the US Non-Farm Employment Change and Unemployment Rate reported positive which pushed Treasury yields higher into this week’s massive $112 billion debt sale.

 

Technical outlook of Dollar Index and other Major Commodities

 

USDINR

Support is 74.90 Resistance is 75.25.

Trade within the range and wait for the confirmation.

 

 

DOLLAR INDEX

Dollar Index has its major support at 92.95 and resistance is seen at 93.65.

Break and sustain above 93.65 will see upside move till 94.40—94.50 levels or else it could test its support again.

Fresh selling will do below 92.95.

Trade with levels only.

 

 

EURINR

It has its major support at 88.25 and resistance is seen at 88.80.

Break and sustain above 88.80 take-ups it to 89.50—89.70 levels or else it could test its support again.

Fresh selling will do below 88.25 levels.

Trade with levels only.

 

GBPINR

Support at 97.80 and resistance at 98.40.

Break and sustain above 98.40 will take it to 99.00—99.20 levels or else it could test its support again.

Fresh selling will do below 97.80 levels.

Trade with the levels only.

 

 

JPYINR

Major support at 70.60 and resistance at 71.30.

Trade within the range and wait for the confirmation.

Trade with levels only.

 

Read our weekly levels on Major currency pairs. Click here!

 

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