US dollar index is trading at 95.57 , depreciating marginally on a low volume day as the US and UK markets remained shut yesterday . Focus continues to remain on the expectations for rate hike and markets would be closely watching the non – farm payrolls data this Friday.
Pair opened the past session with a positive gap an d ended maintaining the same. However, close was with doji candle so it’s less likely that prices will sustain at higher levels. Daily MACD is quite close to its sig nal line and rollover to the sell side can trigger selling i n the counter.