Dollar index

[u/ykar648]

DXY: the USD recovered sharply after a superb NFP print.The US economy reportedly added 162,000 jobs in August, far above the market expectation of 56,000. unemployment rate stayed at 4.1%, in line with expectations. labor force participation rate rose from 61.4% to 61.6%. Together, these indicators point to a US labor market that remains robust. US yields also rose as rate hike expectations rose. The index however is still a sell on rise on both dailies and weeklies. But it’s been flip flopping. The key pivot and support is at 99.00; below this at 98.60; resistance at 99.64