U.S. Dollar Index pulled back as Non Farm Payrolls increased from 125,000 (revised from 143,000) in January to 151,000 in February, compared to analyst forecast of 160,000.
The nearest support level for U.S. Dollar Index is located in the 103.20 – 103.40 range. In case U.S. Dollar Index declines below the 103.20 level, it will move towards the next support level at 102.00 – 102.20.
GBP/USD is trying to settle above the resistance at 1.2935 – 1.2950 as traders focus on job market data from the U.S.
A successful test of the resistance at 1.2935 – 1.2950 will push GBP/USD towards the next resistance level at 1.3050 – 1.3070.
