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US DOLLAR Technical Analysis: NFP Miss Fails To Derail Dollar Bulls

From dailyfx.com

•US Dollar Technical Strategy: Next Resistance Break Could Silence Bears for September •Unfavorable Resistance A Key Hurdle for US Dollar •Post-NFP Dollar Losses Pared On View Small Dismiss May Note Sway Fed Hawks US Dollar Bears may be having a bad day. Friday morning’s miss on the August Payroll data failed to derail the recent Dollar rally that began a week ago after Federal Reserve VP Stanley Fischer encouraged markets to interpret Yellen’s speech as Hawkish. Dollar did take a step back, but it appears the jury still favors the potential for a 2016 rate hike as there is still a ~60% chance of a December rate hike ... (full story)

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