Instrument: USDIDX
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 103.727 with take profit at 103.859.
Bearish Preference:
A sell position is envisaged if the price trades below 103.505 with take profit at 103.407.
Fundamentals:
1:30 pm USD Unemployment Claims
Comment:
The dollar fell slightly on Thursday from near three-month highs, a day after a surprise rate hike from the Bank of Canada suggested the Federal Reserve may also have more work to do to combat inflation.
Analysis: SCRUM Team