U.S. Dollar Index gained ground as traders reacted to the better-than-expected Non Farm Payrolls report. The report showed that the economy added 147,000 jobs in June, compared to analyst forecast of 110,000.
In case U.S. Dollar Index manages to settle above the 50 MA at 97.29, it will head towards the nearest resistance level, which is located in the 98.00 – 98.20 range.
USD/CAD tests new lows despite the pullback in commodity markets. Other commodity-related currencies are losing ground in today’s trading session.
A successful test of the support at 1.3550 – 1.3565 will open the way to the test of the next support level at 1.3420 – 1.3435.
