U.S. Dollar Index gains ground despite disappointing Composite PMI report, which showed that Composite PMI decreased from 52.7 in January to 50.4 in February.
The nearest resistance level for U.S. Dollar Index is located in the 106.80 – 107.00 range. A move above the 107.00 level will push U.S. Dollar Index towards the next resistance at 108.30 – 108.50.
The NZDUSD price leaned on 0.5738$ level to start providing new positive trades, in attempt to build bullish wave on the intraday and short-term basis, supported by the EMA50 that carries the price from below.
Origin: Economies