Dollar index has been making higher-highs but the last 2 days have witnessed bears dominating the index. Today's candlestick is yet to close, but it's probably likely to close with indecision -just on an intermediate support level. As every traders await Nonfarm Payroll report tomorrow, the question on my mind is - will the NFP drive dollar index down to re-test 97.65 support (thick arrow) or take the index up to re-test the recent swing high (dotted arrows)?
For sure the support at 97.65 will soon be tested, but when is the question. If it spikes down tomorrow to 97.65, that could be a great opportunity to buy dollars on a short term...