Sasha Singh
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Dollar Index Trying to Recover Losses

(USDX : 4 Hour Chart)

USDX surged after release of Non-Farm Payroll data breaking above the 50 day, 100 day and 200 day SMA. However the gains seems limited as the 100 day SMA is moving below the 200 day SMA giving a bearish outlook to the pair. The pair might find resistance from the 100 day SMA or 80.38 and decline.

(USDX : Daily Chart)

However on the Daily Chart, the pair seems like consolidating between the contracting trend lines and currently testing the resistance from 200 day SMA. The pair might breakout or breakdown from the resistance or support trend line of the triangle respectively which will define the trend for future.