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8 Mar 2013
Forex: US Dollar Index eyes 83.00 after NFP
The greenback, gauged by the US Dollar Index, is markedly up on Friday, after the unexpected gain from the US Payrolls in February catapulted the US dollar to the doorsteps of the key resistance at 83.00, although retracing some ground afterwards.
Continuing with the data, the US unemployment rate came in lower than forecasts, falling to 7.7% from January’s 7.9%.
As of writing, the index is up 0.75% at 82.74 and according to tradingcentral.com, the next resistance levels line up at 83.00, 83.25 and 83.40; supports line up at 81.90, 81.75 and 81.65
Continuing with the data, the US unemployment rate came in lower than forecasts, falling to 7.7% from January’s 7.9%.
As of writing, the index is up 0.75% at 82.74 and according to tradingcentral.com, the next resistance levels line up at 83.00, 83.25 and 83.40; supports line up at 81.90, 81.75 and 81.65