Instrument: USDIDX
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 104.126 with take profit at 104.291.
Bearish Preference:
A sell position is envisaged if the price trades below 103.834 with take profit at 103.682.
Fundamentals:
1:30
USD Unemployment claims
USD Prelim GDP
Comment:
The dollar hit a two-month high as uncertainty over raising the U.S. debt limit and averting a default saw investors avoid risk-driven assets. The dollar benefited from increased safe-haven demand, while traders also dumped treasuries in favor of the greenback.
Analysis: SCRUM Team