U.S. Dollar Index gained some ground despite the disappointing JOLTs Job Openings report. The report showed that JOLTs Job Openings decreased from 7.48 million in February to 7.192 million in March, compared to analyst forecast of 7.48 million.
The nearest support level for U.S. Dollar Index is located in the 98.80 – 99.00 range. A move below the 98.80 level will push U.S. Dollar Index towards the next support at 97.50 – 97.70.
USD/CAD Attempts To Settle Above 1.3850
USD/CAD is swinging between gains and losses in choppy trading. The strong pullback in the oil markets did not put material pressure on the Canadian dollar today.
In case USD/CAD settles above the 1.3850 level, it will head towards the nearest resistance at 1.3930 – 1.3950.
