#OPINIONLEADER# #USDollarIndex#
ByScott Andrews
JUL 1, 2021
US index 01 07 2021
DXY made a break over 92.06 support hitting a high of 92.417 not seen that price since Mid April this year, the ADP Nonfarm employment change beat expectations at 692k with the forecast being 600k. The ISM Manufacturing PMI data is announced tonight at 22:00 GMT+8 with the forecast: 61.0, Previous: 61.2. I’m long biased here traders with the NFP result if it is higher then expected would help propel the DXY back to March highs of near 93.00, for a trade idea I will be letting price pull back in today’s session and wait for the ISM Manufacturing PMI data to see how markets react for a buy trade as price holds over the support level at the low 92’2.
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