The dollar had the biggest fall in 6-month and the price was seen breaking below the bottom of a 4-month rising channel.
The NFP was very disappointing and a dovish Fed is starting to look at a possible rate cut based on economic data.
This is already a very clear sign of a major reversal and the dollar is actually resisted and falling from a 618 level in the weekly chart.
Following a poor NFP, the dollar is most likely to resume falling in the first 2 trading days.
The immediate supply zone is seen just below 97, with the next one seen at 97.3.
The NFP was very disappointing and a dovish Fed is starting to look at a possible rate cut based on economic data.
This is already a very clear sign of a major reversal and the dollar is actually resisted and falling from a 618 level in the weekly chart.
Following a poor NFP, the dollar is most likely to resume falling in the first 2 trading days.
The immediate supply zone is seen just below 97, with the next one seen at 97.3.
