Fundamental Highlights
* The greenback was bidded up amid sentiment deterioration despite broad US Dollar sell-off.
* Global equities turned red after US employment data showed over 3.8 million people filed for unemployment last week, denting the market sentiment even further.
Technical Analysis
* The Dollar found support at the 106.50 level, pushing price as high as 107.40 yesterday. If the bulls gather momentum and break above the 50-period SMA and the bearish trend line which is around 107.30, then 108 will be their next target.
Support: 107 / 106.50
Resistance: 107.30 / 108
