The US dollar index is near its yearly lows and inside the weekly support area of 93-92. The trend remains bearish. The key reversal level in the short term lies at 93. Oscillators are diverging, warning us of a strong bounce. Will the NFP provide the causation?
Magenda line - resistance
The dollar index is trading below both the tenkan- and kijun-sen indicators as well as below the downward sloping trend line. Resistance is at 93-93.15. The short-term support is found at 92.50.
