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20 May 2015
DXY retreats from 95.80
FXStreet (Edinburgh) - The US Dollar Index, which measures the greenback against a basket of its main rivals, keeps its gains around 95.50/55 after climbing as high as 95.80.
DXY now looks to FOMC
The index keeps its recovery alive from last week’s troughs near the 93.00 handle, albeit today’s upside seems to have found strong resistance around 95.80. The recent upside in the index has been bolstered by the positive results in the US housing sector during April, somehow reverting the negative streak of negative data seen in past weeks.
Next of relevance for the US dollar will be the FOMC minutes, which will surely put the ongoing USD rally in the centre of the debate.
DXY relevant levels
The index is now advancing 0.29% at 95.54 and a surpass of 95.83 (high May 20) would aim for 96.18 (high Apr. 29) and finally 96.93 (high Apr.28). On the downside, the immediate support lines up at 94.08 (low May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).
DXY now looks to FOMC
The index keeps its recovery alive from last week’s troughs near the 93.00 handle, albeit today’s upside seems to have found strong resistance around 95.80. The recent upside in the index has been bolstered by the positive results in the US housing sector during April, somehow reverting the negative streak of negative data seen in past weeks.
Next of relevance for the US dollar will be the FOMC minutes, which will surely put the ongoing USD rally in the centre of the debate.
DXY relevant levels
The index is now advancing 0.29% at 95.54 and a surpass of 95.83 (high May 20) would aim for 96.18 (high Apr. 29) and finally 96.93 (high Apr.28). On the downside, the immediate support lines up at 94.08 (low May 19) ahead of 93.27 (low May 18) and then 93.17 (low May 14).