Skip to main content

Dollar index (USDX) finally makes a move above technical resistance

The reaction in the wider dollar to the better than forecast US payroll numbers has finally seen the USD index (USDX) vault its 200 day moving average and by some margin too. That resistance level had capped the rebound in the dollar since the beginning of the week. Well, not any more folks, because the index has surged above 104.44. The high seen so far has been set close to 104.80. The move higher comes as the USD/JPY now presses close to the 157 handle and the EUR/USD just now hits a session low at 1.0820 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!