The USD index lost all the daily moving averages and 20wsma as well. After the dismissal NFP numbers, the index tumbled to 95.23 levels.
Fed Kocherlakota: Fed should improve employment and inflation targets; hopes Fed’s pledge to achieve 2% inflation target in two years.
Futures prices showed traders reduce bets the Federal Reserve to raise interest rates this year, now expects the Fed will not raise interest rates until at least March.
Support: 200dema finds at 94.40 and 50wsma at 94.30
Resistance: 20wsma at 96.06