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5 May 2016
US Dollar upside faltered near 93.70
After hitting fresh 4-day tops near 93.70, the US Dollar Index lost some upside momentum and has now relegated to the 93.55/50 band.
US Dollar bounces off 91.90
The upbeat sentiment around USD remains well and sound this week, prolonging its bull run to today’s highs near 93.70 after dropping to the 91.90 region, or multi-month lows, on Tuesday.
Yesterday’s results from the US docket have been supportive of further upside in the dollar, while today’s higher-than-expected Initial Claims have been practically ignored by traders.
Ahead in the session, speeches by FOMC’s Bullard, Kaplan, Williams and Lockhart will all keep the attention on the greenback.
US Dollar relevant levels
The index is advancing 0.32% at 93.47 and a breakout of 94.09 (20-day sma) would aim for 95.18 (high Apr.22) and then 95.49 (55-day sma). On the flip side, the next support aligns at 91.89 (2016 low May 3) followed by 91.50 (low Jan.15 2015) and finally 87.23 (low Nov.17 2014).
US Dollar bounces off 91.90
The upbeat sentiment around USD remains well and sound this week, prolonging its bull run to today’s highs near 93.70 after dropping to the 91.90 region, or multi-month lows, on Tuesday.
Yesterday’s results from the US docket have been supportive of further upside in the dollar, while today’s higher-than-expected Initial Claims have been practically ignored by traders.
Ahead in the session, speeches by FOMC’s Bullard, Kaplan, Williams and Lockhart will all keep the attention on the greenback.
US Dollar relevant levels
The index is advancing 0.32% at 93.47 and a breakout of 94.09 (20-day sma) would aim for 95.18 (high Apr.22) and then 95.49 (55-day sma). On the flip side, the next support aligns at 91.89 (2016 low May 3) followed by 91.50 (low Jan.15 2015) and finally 87.23 (low Nov.17 2014).