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Monday, April 11, 2016

Dollar Index Update










Dollar Index has support at 94.00 and resistance at 95.20.  

Today Made a low of 94.02.

If closes below 94.00 will take to 93.20---92.80 mark else it could test its resistance level of 94.60 and then to 94.90---95.20 again. 

Further upside rally will see only weekly close above 95.20 marks.

Dollar hit a fresh 17-months low against yen.
Dollar seems to remain week against its basket of six major currencies due to fed cautious approach on fed fund rate hike this year. All eyes on Fed Announcement today.








More will update soon!!