Dollar index looks set to test the 23.6% Fibo support
- DXY's failure to sustain above falling trend line resistance amid horrible NFP data and resulting drop in the 2-yr treasury yield and CME July Fed rate hike bets indicates the index could test 93.497 (23.6% of 2008 low-2015 high) next week.
- Daily RSI is bearish as well.
- On the higher side, a break above falling trend line on day end closing basis would signal bearish invalidation.
