USD To Consolidate Ahead Of NFP’s, Euro To Threaten Range ; The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.23% higher on the day after moving 76% of its average true range, and the rebound may gather pace throughout the North American trade, which could produce a test of 9520 for near-term resistance. However, the pullback from 9500 may pan out over the remainder of the day and the index may fall back towards the lower bounds of the Bollinger Bands around 9448 as the relative strength index falls back from overbought territory. In turn, the USD should consolidate during the overnight trade, but the Non-Farm Payrolls report is likely to heavily influence price action on Friday as market participants weigh the outlook for future growth. Read More
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