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Trading news
11 Aug 2016
US Dollar firmer, clinches highs near 96.00
The greenback, when tracked by the US Dollar Index, is extending its bullish momentum to the area of session highs in the vicinity of 96.00 the figure.
US Dollar boosted by sentiment, looks to data
The offered bias is gathering traction around the risk-associated universe on Thursday following a moderate decline in crude oil prices in response to a dovish report by the IEA.
USD is thus recovering part of the ground lost in earlier sessions, coming up from Wednesday’s multi-day lows in the 95.40 region ahead of today’s Initial Claims and Export/Imports Prices in the US docket.
US Dollar relevant levels
The index is advancing 0.24% at 95.88 facing the next hurdle at 96.50 (high Aug.5) ahead of 96.61 (200-day sma) and finally 97.05 (78.6% Fibo of July-August drop). On the flip side, a breakdown of 95.38 (low Aug.10) would target 95.13 (100-day sma) and then 94.94 (low Aug.2).