USD Market Snap-shot 09.11

After a brief USD rally from a more positive jobless claims figure, price swings for the USD index again, declined to its current low of 81.40 basis point. A further decline is still expected especially whenever price momentum picks-up.

However the case maybe, a technical backdrop for today's candle-bar would be critical. as the 81.40 may hold for now. A typical price swing back lower to the 80.85/90 levels may soon be retested by tomorrow in the Asian or European sessions. Pay close attention to price pull-backs nearing each trading session towards the closing day. Although, negative sentiments for the USD remains solid thus far, but today's daily closing if and whenever prices remain at this current levels and flat until the closing hours, may well be considered a pause or to the extent of an exhaustion bar.

USD Market Snap-shot 09.11