Despite Good Data, Index Could Not Go Up so Dive Down
Yesterday, 08.12.2023, the Non-Farm Employment Change Data explained as 199K and the Unemployment Rate data explained as 3.7%.
Both of them were so important and better than expected.
Despite the good data for USD, DXY could not break above the last swing lower high level mentioned in the chart for the second time.
It's an early indicator that DXY is not strong enough and may go down from this resistance level.
First, we should monitor the low time frame to confirm bearish price action.
Both of them were so important and better than expected.
Despite the good data for USD, DXY could not break above the last swing lower high level mentioned in the chart for the second time.
It's an early indicator that DXY is not strong enough and may go down from this resistance level.
First, we should monitor the low time frame to confirm bearish price action.